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.
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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.
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