Microsoft (NASDAQ:MSFT) PT Raised to $105.00 at Canaccord Genuity

Microsoft (NASDAQ:MSFT) had its price target lifted by Canaccord Genuity from $94.00 to $105.00 in a report released on Thursday, February 1st. Canaccord Genuity currently has a buy rating on the software giant’s stock.

A number of other analysts also recently issued reports on MSFT. Stifel Nicolaus reissued a buy rating on shares of Microsoft in a report on Thursday, October 12th. Morningstar reissued a neutral rating on shares of Microsoft in a report on Monday, October 16th. Royal Bank of Canada set a $85.00 price objective on shares of Microsoft and gave the company a buy rating in a report on Wednesday, October 18th. Goldman Sachs Group set a $88.00 price objective on shares of Microsoft and gave the company a buy rating in a report on Thursday, October 19th. Finally, KeyCorp reissued a buy rating and issued a $94.00 price objective on shares of Microsoft in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $99.14.

Shares of Microsoft (NASDAQ:MSFT) traded up $3.17 on Thursday, hitting $88.18. 57,408,480 shares of the stock were exchanged, compared to its average volume of 32,600,000. Microsoft has a 52 week low of $63.62 and a 52 week high of $96.07. The company has a market cap of $680,270.00, a P/E ratio of 59.99, a PEG ratio of 2.05 and a beta of 1.06. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 114.29%.

In other news, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,000 shares of company stock valued at $2,164,380. Corporate insiders own 1.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in Microsoft during the fourth quarter worth $103,000. Acrospire Investment Management LLC raised its holdings in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares during the last quarter. First Dallas Securities Inc. acquired a new position in Microsoft during the fourth quarter worth $123,000. Cerebellum GP LLC acquired a new position in Microsoft during the fourth quarter worth $134,000. Finally, Stelac Advisory Services LLC raised its holdings in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the last quarter. 73.22% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Microsoft (NASDAQ:MSFT) PT Raised to $105.00 at Canaccord Genuity” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2018/02/11/canaccord-genuity-reaffirms-buy-rating-for-microsoft-msft.html.

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.

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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.

Leave a Reply