Wells Fargo & Co reissued their outperform rating on shares of Microsoft (NASDAQ:MSFT) in a research report sent to investors on Friday morning. The firm currently has a $100.00 target price on the software giant’s stock, up from their prior target price of $90.00.
Other equities analysts have also recently issued reports about the stock. KeyCorp reiterated a buy rating and set a $94.00 target price on shares of Microsoft in a research note on Friday, October 27th. Stifel Nicolaus upped their target price on shares of Microsoft from $80.00 to $85.00 and gave the company a buy rating in a research note on Tuesday, October 24th. Goldman Sachs Group set a $88.00 target price on shares of Microsoft and gave the company a buy rating in a research note on Thursday, October 19th. Royal Bank of Canada set a $85.00 target price on shares of Microsoft and gave the company a buy rating in a research note on Wednesday, October 18th. Finally, Oppenheimer set a $80.00 price target on shares of Microsoft and gave the company a buy rating in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the stock. Microsoft presently has an average rating of Buy and an average price target of $86.97.
Microsoft (NASDAQ:MSFT) traded up $1.52 during trading hours on Friday, reaching $89.60. 24,260,921 shares of the company traded hands, compared to its average volume of 23,290,000. The firm has a market cap of $691,070.00, a PE ratio of 30.27, a P/E/G ratio of 2.05 and a beta of 0.99. Microsoft has a 1 year low of $62.03 and a 1 year high of $89.78. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. research analysts forecast that Microsoft will post 3.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is 56.76%.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated 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 owns 189,278 shares in the company, valued at approximately $15,797,141.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MSFT. Nottingham Advisors Inc. lifted its position in Microsoft by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after purchasing an additional 22 shares during the period. American Economic Planning Group Inc. ADV lifted its position in Microsoft by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after purchasing an additional 23 shares during the period. Carderock Capital Management Inc. lifted its position in Microsoft by 0.7% during the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after purchasing an additional 26 shares during the period. Appropriate Balance Financial Services Inc. lifted its position in Microsoft by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares during the period. Finally, AlphaMark Advisors LLC lifted its position in Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 73.16% of the company’s stock.
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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