Credit Suisse Group reissued their outperform rating on shares of Microsoft (NASDAQ:MSFT) in a research note published on Thursday, January 18th. They currently have a $115.00 price target on the software giant’s stock, up from their previous price target of $95.00.
Several other research firms have also commented on MSFT. Royal Bank of Canada reissued an outperform rating and issued a $88.00 price target (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. UBS Group set a $105.00 price target on Microsoft and gave the stock a buy rating in a research report on Thursday, November 9th. Vetr lowered Microsoft from a strong-buy rating to a buy rating and set a $93.77 price target for the company. in a research report on Monday, December 11th. KeyCorp reissued a buy rating and issued a $94.00 price target on shares of Microsoft in a research report on Friday, October 27th. Finally, Citigroup upped their target price on Microsoft from $74.00 to $79.00 and gave the company a sell rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Microsoft has an average rating of Buy and a consensus price target of $99.14.
Microsoft (NASDAQ MSFT) traded up $0.95 on Thursday, reaching $89.13. The company had a trading volume of 35,716,586 shares, compared to its average volume of 32,600,000. Microsoft has a one year low of $63.62 and a one year high of $96.07. The stock has a market cap of $687,600.00, a PE ratio of 60.63, a P/E/G 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 issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same period in the prior year, the business earned $0.83 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. sell-side analysts anticipate that Microsoft will post 3.62 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.88%. Microsoft’s dividend payout ratio (DPR) is 114.29%.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the transaction, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock valued at $2,164,380. 1.49% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC boosted its holdings in Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 25,053,413 shares during the period. Tiger Global Management LLC boosted its holdings in Microsoft by 395.2% in the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after purchasing an additional 8,369,500 shares during the period. Finally, Polen Capital Management LLC purchased a new position in Microsoft in the third quarter valued at $527,480,000. Institutional investors and hedge funds own 73.07% of the company’s stock.
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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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