Other equities research analysts have also issued research reports about the company. Piper Jaffray Companies reiterated a buy rating and issued a $90.00 target price on shares of Microsoft in a research report on Sunday, August 27th. BMO Capital Markets reiterated a buy rating and issued a $86.00 target price on shares of Microsoft in a research report on Friday, August 25th. ValuEngine raised Microsoft from a hold rating to a buy rating in a report on Wednesday, September 6th. KeyCorp reissued a buy rating and issued a $82.00 price target on shares of Microsoft in a report on Sunday, September 10th. Finally, Royal Bank of Canada reissued a buy rating on shares of Microsoft in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. Microsoft currently has an average rating of Buy and an average target price of $85.82.
Shares of Microsoft (NASDAQ MSFT) traded up $0.01 during midday trading on Wednesday, reaching $85.51. The company had a trading volume of 14,071,138 shares, compared to its average volume of 25,311,454. The stock has a market capitalization of $659,597.50, a price-to-earnings ratio of 29.09, a P/E/G ratio of 1.99 and a beta of 0.99. Microsoft has a 52-week low of $61.95 and a 52-week high of $87.50. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 57.14%.
In other news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $3,759,420. Company insiders own 1.49% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSFT. Beaumont Financial Partners LLC raised its position in Microsoft by 71.4% in the 1st quarter. Beaumont Financial Partners LLC now owns 11,069 shares of the software giant’s stock valued at $729,000 after purchasing an additional 4,610 shares in the last quarter. Verity & Verity LLC raised its position in Microsoft by 3.9% in the 1st quarter. Verity & Verity LLC now owns 131,784 shares of the software giant’s stock valued at $8,680,000 after purchasing an additional 5,000 shares in the last quarter. Bank of Stockton raised its position in Microsoft by 12.6% in the 1st quarter. Bank of Stockton now owns 13,360 shares of the software giant’s stock valued at $879,000 after purchasing an additional 1,500 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in Microsoft by 5.4% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 51,495 shares of the software giant’s stock valued at $3,391,000 after purchasing an additional 2,623 shares in the last quarter. Finally, Seminole Management Co. Inc. raised its position in Microsoft by 291.9% in the 1st quarter. Seminole Management Co. Inc. now owns 268,056 shares of the software giant’s stock valued at $17,654,000 after purchasing an additional 199,656 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.
Microsoft Company Profile
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.
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