Microsoft (MSFT) Raised to Strong-Buy at Vetr

Vetr upgraded shares of Microsoft (NASDAQ:MSFT) from a buy rating to a strong-buy rating in a report released on Monday morning. Vetr currently has $94.25 target price on the software giant’s stock.

A number of other research analysts have also recently commented on MSFT. Sanford C. Bernstein set a $87.00 price target on Microsoft and gave the stock a buy rating in a research report on Friday, August 11th. Credit Suisse Group set a $84.00 price target on Microsoft and gave the stock a buy rating in a research report on Friday, August 11th. BidaskClub upgraded Microsoft from a hold rating to a buy rating in a research report on Wednesday, August 16th. Evercore ISI restated a buy rating and issued a $80.00 price target on shares of Microsoft in a research report on Friday, August 18th. Finally, UBS restated an overweight rating on shares of Microsoft in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $84.59.

Microsoft (MSFT) traded up $1.19 during mid-day trading on Monday, reaching $82.78. The company’s stock had a trading volume of 26,162,000 shares, compared to its average volume of 22,496,305. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The company has a market cap of $629,433.38, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. Microsoft has a 1 year low of $59.80 and a 1 year high of $86.20.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the business earned $0.76 earnings per share. Microsoft’s revenue was up 11.7% on a year-over-year basis. equities research analysts expect that Microsoft will post 3.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 57.14%.

In other news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 over the last three months. Insiders own 1.49% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its holdings in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares in the last quarter. Hefty Wealth Partners increased its holdings in Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in Microsoft in the first quarter worth approximately $132,000. Stelac Advisory Services LLC increased its holdings in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares in the last quarter. Finally, Opera Trading Capital increased its holdings in Microsoft by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Microsoft

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

To view Vetr’s full report, visit Vetr’s official website.

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