Microsoft (NASDAQ:MSFT) PT Raised to $155.00 at Morgan Stanley

Microsoft (NASDAQ:MSFT) had its price target raised by Morgan Stanley from $145.00 to $155.00 in a research note published on Friday morning, The Fly reports. Morgan Stanley currently has an overweight rating on the software giant’s stock.

MSFT has been the subject of a number of other reports. Citigroup set a $12.00 price objective on Controladora Vuela Co Avcn SA CV and gave the company a buy rating in a report on Monday, July 15th. Wedbush lifted their price objective on Mastercard from $261.00 to $287.00 and gave the company an outperform rating in a report on Thursday, June 13th. Nomura lifted their price objective on Visa from $175.00 to $178.00 and gave the company a buy rating in a report on Thursday, April 25th. Royal Bank of Canada set a $165.00 price objective on Allergan and gave the company a hold rating in a report on Monday, March 25th. Finally, DZ Bank reissued a sell rating on shares of Sartorius in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-seven have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $146.41.

Shares of NASDAQ MSFT opened at $138.43 on Friday. The company has a market capitalization of $1,046.89 billion, a PE ratio of 29.14, a PEG ratio of 2.43 and a beta of 1.21. The firm’s fifty day moving average is $134.53. Microsoft has a 52-week low of $93.96 and a 52-week high of $140.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $1.13 earnings per share. Equities analysts forecast that Microsoft will post 5.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.33%. Microsoft’s payout ratio is 38.74%.

In related news, EVP Kathleen T. Hogan sold 15,947 shares of Microsoft stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $133.17, for a total value of $2,123,661.99. Following the completion of the sale, the executive vice president now directly owns 202,518 shares in the company, valued at $26,969,322.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $128.87, for a total value of $386,610.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,247 shares of company stock valued at $28,204,754. Corporate insiders own 1.38% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MSFT. Guardian Investment Management grew its position in shares of Microsoft by 4.2% during the 4th quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock worth $3,125,000 after buying an additional 1,240 shares during the period. United Capital Management of KS Inc. grew its position in shares of Microsoft by 5.8% during the 4th quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock worth $1,811,000 after buying an additional 984 shares during the period. Ocean Capital Management LLC grew its position in shares of Microsoft by 12.3% during the 1st quarter. Ocean Capital Management LLC now owns 8,199 shares of the software giant’s stock worth $967,000 after buying an additional 895 shares during the period. Abner Herrman & Brock LLC grew its position in shares of Microsoft by 1.3% during the 4th quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock worth $26,316,000 after buying an additional 3,234 shares during the period. Finally, Leavell Investment Management Inc. grew its position in shares of Microsoft by 0.3% during the 4th quarter. Leavell Investment Management Inc. now owns 89,124 shares of the software giant’s stock worth $9,052,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 72.04% of the company’s stock.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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