Microsoft Corporation (MSFT) Receives Consensus Recommendation of “Buy” from Brokerages

Microsoft Corporation (NASDAQ:MSFT) has been given a consensus recommendation of “Buy” by the forty-two research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $76.79.

MSFT has been the subject of a number of research reports. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Canaccord Genuity restated a “hold” rating and issued a $76.00 price objective on shares of Microsoft Corporation in a report on Friday, September 15th. Evercore ISI restated a “buy” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a report on Friday, August 18th. Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $77.00 price objective on shares of Microsoft Corporation in a report on Monday, May 29th.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The firm had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.26%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.

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In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was 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 in the company, valued at $37,097,878.07. 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 corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Northstar Group Inc. boosted its stake in shares of Microsoft Corporation by 0.3% during the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock worth $248,000 after purchasing an additional 12 shares during the last quarter. Gierl Augustine Investment Management Inc boosted its stake in shares of Microsoft Corporation by 0.3% during the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after purchasing an additional 13 shares during the last quarter. New Capital Management LP boosted its stake in shares of Microsoft Corporation by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after purchasing an additional 22 shares during the last quarter. Nottingham Advisors Inc. boosted its stake in shares of Microsoft Corporation by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after purchasing an additional 22 shares during the last quarter. Finally, American Economic Planning Group Inc. ADV boosted its stake in shares of Microsoft Corporation by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after purchasing an additional 23 shares during the last quarter. 73.40% of the stock is currently owned by institutional investors.

About Microsoft Corporation

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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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