Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating reissued by equities research analysts at Oppenheimer Holdings, Inc. in a report issued on Thursday, September 7th. They presently have a $80.00 price objective on the software giant’s stock. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 6.23% from the stock’s current price. Oppenheimer Holdings also issued estimates for Microsoft Corporation’s Q1 2018 earnings at $0.76 EPS, Q2 2018 earnings at $0.89 EPS, Q4 2018 earnings at $0.89 EPS and FY2019 earnings at $3.61 EPS.
MSFT has been the topic of several other reports. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research note on Sunday, July 9th. Cowen and Company reissued an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of Microsoft Corporation in a research note on Saturday, July 22nd. Finally, BMO Capital Markets reissued a “buy” rating and set a $86.00 price objective on shares of Microsoft Corporation in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $76.72.
Microsoft Corporation (MSFT) traded up 0.72% during trading on Thursday, hitting $75.31. The stock had a trading volume of 38,578,441 shares. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.49. The firm has a market cap of $580.06 billion, a P/E ratio of 27.79 and a beta of 1.00. The company has a 50-day moving average of $73.27 and a 200 day moving average of $69.57.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Corporation will post $3.14 earnings per share for the current fiscal year.
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In other news, CFO Amy Hood sold 55,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock worth $515,879,974 over the last ninety days. 2.99% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of MSFT. Acrospire Investment Management LLC boosted its stake in shares of Microsoft Corporation 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 acquiring an additional 1,200 shares in the last quarter. Hefty Wealth Partners lifted its stake in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. lifted its stake in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation in the 1st quarter valued at about $132,000. Finally, Stelac Advisory Services LLC lifted its stake in Microsoft Corporation by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares in the last quarter. 73.47% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corporation 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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