Microsoft Co. (NASDAQ:MSFT) reached a new 52-week high and low during trading on Thursday . The company traded as low as $98.94 and last traded at $97.82, with a volume of 1193006 shares. The stock had previously closed at $98.57.
MSFT has been the topic of a number of research reports. BMO Capital Markets lifted their price target on shares of Microsoft to $100.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. KeyCorp reaffirmed a “buy” rating and issued a $106.00 price target on shares of Microsoft in a report on Sunday, January 28th. Citigroup lifted their price target on shares of Microsoft to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Stifel Nicolaus lifted their price target on shares of Microsoft from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Canaccord Genuity boosted their target price on shares of Microsoft from $94.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $103.13.
The firm has a market capitalization of $756.97 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.35 and a current ratio of 3.40.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 26th. The software giant reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.10. The firm had revenue of $26.82 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. equities analysts predict that Microsoft Co. will post 3.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.71%. Microsoft’s payout ratio is currently 50.76%.
Institutional investors have recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new position in Microsoft in the third quarter worth $7,432,000. Mn Services Vermogensbeheer B.V. grew its position in Microsoft by 0.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 1,211,317 shares of the software giant’s stock worth $90,231,000 after acquiring an additional 8,400 shares in the last quarter. State of Wisconsin Investment Board grew its position in Microsoft by 7.5% in the third quarter. State of Wisconsin Investment Board now owns 9,791,940 shares of the software giant’s stock worth $729,402,000 after acquiring an additional 681,871 shares in the last quarter. Norris Perne & French LLP MI grew its position in Microsoft by 3.0% in the third quarter. Norris Perne & French LLP MI now owns 266,573 shares of the software giant’s stock worth $19,857,000 after acquiring an additional 7,691 shares in the last quarter. Finally, Capital Management Corp VA purchased a new position in Microsoft in the third quarter worth $223,000. 72.44% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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