Microsoft (MSFT) PT Raised to $107.00 at Argus

Microsoft (NASDAQ:MSFT) had its target price increased by Argus from $95.00 to $107.00 in a research note published on Tuesday morning, Marketbeat.com reports. Argus currently has a buy rating on the software giant’s stock.

MSFT has been the subject of a number of other reports. ValuEngine upgraded shares of Microsoft from a hold rating to a buy rating in a report on Friday, February 2nd. Vetr lowered shares of Microsoft from a buy rating to a hold rating and set a $93.54 target price for the company. in a report on Wednesday, January 17th. Instinet assumed coverage on shares of Microsoft in a report on Thursday, January 25th. They set a buy rating for the company. Goldman Sachs Group set a $92.00 target price on shares of Microsoft and gave the stock a buy rating in a report on Friday, October 27th. Finally, UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a buy rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $99.14.

Microsoft (NASDAQ MSFT) opened at $88.18 on Tuesday. Microsoft has a 12 month low of $63.32 and a 12 month high of $96.07. The stock has a market capitalization of $705,640.00, a PE ratio of 59.99, a PEG ratio of 2.08 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. sell-side analysts anticipate that Microsoft will post 3.62 EPS for the current fiscal year.

The firm also recently announced 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. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.91%. Microsoft’s payout ratio is 114.29%.

In other news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the transaction, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock valued at $2,164,380 over the last quarter. Company insiders own 1.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. River Wealth Advisors LLC increased its position in shares of Microsoft by 6.4% during the second quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after acquiring an additional 1,517 shares in the last quarter. Northeast Financial Consultants Inc grew its position in Microsoft by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after purchasing an additional 1,500 shares during the period. One Capital Management LLC grew its position in Microsoft by 5.0% in the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock worth $3,906,000 after purchasing an additional 2,675 shares during the period. JLB & Associates Inc. bought a new stake in Microsoft in the 2nd quarter worth approximately $10,873,000. Finally, First National Bank Sioux Falls grew its position in Microsoft by 9.6% in the 2nd quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock worth $1,078,000 after purchasing an additional 1,365 shares during the period. 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.

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