Other analysts also recently issued reports about the stock. Oppenheimer set a $80.00 price objective on shares of Microsoft and gave the company a buy rating in a report on Monday, September 25th. KeyCorp reissued a buy rating and set a $94.00 price target on shares of Microsoft in a report on Friday, October 27th. Stifel Nicolaus increased their price target on shares of Microsoft from $80.00 to $85.00 and gave the stock a buy rating in a report on Tuesday, October 24th. Goldman Sachs Group set a $88.00 price target on shares of Microsoft and gave the stock a buy rating in a report on Thursday, October 19th. Finally, Royal Bank of Canada set a $85.00 price target on shares of Microsoft and gave the stock a buy rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $88.32.
Microsoft (NASDAQ:MSFT) traded down $0.10 during mid-day trading on Thursday, hitting $90.00. 36,880,000 shares of the stock traded hands, compared to its average volume of 23,030,000. The stock has a market cap of $694,310.00, a P/E ratio of 30.41, a P/E/G ratio of 2.11 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft has a fifty-two week low of $62.37 and a fifty-two week high of $90.79.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. equities analysts forecast that Microsoft will post 3.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.87%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is 56.76%.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares during the last quarter. Capital Research Global Investors increased its position in Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC increased its position in Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Legal & General Group Plc increased its position in Microsoft by 2.1% during the third quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after purchasing an additional 774,549 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Microsoft by 3.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant’s stock worth $2,696,444,000 after purchasing an additional 1,148,178 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.
Microsoft 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.
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.