ValuEngine Upgrades Microsoft (MSFT) to Buy

ValuEngine upgraded shares of Microsoft (NASDAQ:MSFT) from a hold rating to a buy rating in a research report sent to investors on Friday.

MSFT has been the subject of a number of other reports. Zacks Investment Research cut Microsoft from a buy rating to a hold rating in a report on Tuesday, January 9th. Atlantic Securities set a $97.00 price objective on Microsoft and gave the company a neutral rating in a report on Thursday, February 1st. Credit Suisse Group reissued a buy rating and set a $95.00 price objective on shares of Microsoft in a report on Friday, October 27th. Morgan Stanley set a $88.00 price objective on Microsoft and gave the company a buy rating in a report on Friday, October 27th. Finally, Tigress Financial reissued a buy rating on shares of Microsoft in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-two have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $98.72.

Microsoft (NASDAQ MSFT) opened at $88.00 on Friday. The company has a market capitalization of $678,880.00, a price-to-earnings ratio of 59.86, a P/E/G ratio of 2.19 and a beta of 1.06. Microsoft has a 12-month low of $63.07 and a 12-month high of $96.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.87 by $0.09. The firm had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. Microsoft’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. analysts predict that Microsoft will post 3.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.91%. Microsoft’s dividend payout ratio is 114.29%.

In related news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the completion of the sale, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $1,496,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,000 shares of company stock valued at $2,498,220. Corporate insiders own 1.49% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $103,000. Cerebellum GP LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $134,000. Acrospire Investment Management LLC grew its position in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares during the period. Stelac Advisory Services LLC grew its position in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the period. Finally, Family Capital Trust Co acquired a new position in shares of Microsoft during the 4th quarter worth about $188,000. Hedge funds and other institutional investors own 73.22% of the company’s stock.

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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 ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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