Microsoft (MSFT) Downgraded to “Hold” at Vetr

Microsoft (NASDAQ:MSFT) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They presently have a $94.80 target price on the software giant’s stock. Vetr‘s price objective indicates a potential upside of 2.24% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. Tigress Financial restated a “buy” rating on shares of Microsoft in a research note on Wednesday, February 14th. Argus raised their target price on shares of Microsoft from $95.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Monday, February 5th. Nomura raised their target price on shares of Microsoft from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have issued a buy rating to the company. Microsoft presently has a consensus rating of “Buy” and an average price target of $99.11.

Microsoft (MSFT) traded up $0.72 during midday trading on Tuesday, hitting $92.72. 30,910,000 shares of the stock were exchanged, compared to its average volume of 34,460,000. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. The firm has a market cap of $713,920.00, a PE ratio of 28.44, a PEG ratio of 2.13 and a beta of 1.06. Microsoft has a one year low of $63.62 and a one year high of $96.07.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. equities analysts anticipate that Microsoft will post 3.64 EPS for the current fiscal year.

In related news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the sale, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.

Several institutional investors have recently made changes to their positions in MSFT. River Wealth Advisors LLC grew its holdings in Microsoft by 6.4% during the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock worth $1,732,000 after acquiring an additional 1,517 shares during the last quarter. One Capital Management LLC boosted its stake in shares of Microsoft by 5.0% in the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after purchasing an additional 2,675 shares during the last quarter. JLB & Associates Inc. bought a new stake in shares of Microsoft in the 2nd quarter valued at $10,873,000. First National Bank Sioux Falls boosted its stake in shares of Microsoft by 9.6% in the 2nd quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in shares of Microsoft by 17.9% in the 3rd quarter. Tompkins Financial Corp now owns 100,261 shares of the software giant’s stock valued at $7,469,000 after purchasing an additional 15,202 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

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About Microsoft

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.

To view Vetr’s full report, visit Vetr’s official website.

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