Microsoft (NASDAQ:MSFT) had its target price increased by Wells Fargo & Co from $145.00 to $160.00 in a research report report published on Friday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the software giant’s stock.
Other analysts also recently issued research reports about the company. Barclays increased their target price on T. Rowe Price Group from $90.00 to $95.00 and gave the company an underweight rating in a research note on Thursday, April 25th. Argus raised their price objective on Microsoft to $145.00 and gave the stock a buy rating in a research report on Monday, April 29th. Credit Suisse Group set a $180.00 price objective on Accenture and gave the stock a hold rating in a research report on Friday, June 28th. Stifel Nicolaus reiterated a buy rating and issued a $2,300.00 price objective on shares of Amazon.com in a research report on Monday, April 22nd. Finally, Morgan Stanley reduced their price objective on RPC from $12.00 to $9.50 and set an underperform rating for the company in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-six have assigned a buy rating and three have given a strong buy rating to the company’s stock. Microsoft has an average rating of Buy and a consensus price target of $138.14.
Shares of NASDAQ:MSFT opened at $138.90 on Friday. The firm’s 50 day simple moving average is $132.86. Microsoft has a twelve month low of $93.96 and a twelve month high of $139.54. The company has a market cap of $1,064.37 billion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 2.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.93 and a current ratio of 2.97.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.14. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The firm had revenue of $30.57 billion during the quarter, compared to the consensus estimate of $29.86 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts predict that Microsoft will post 4.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.32%. Microsoft’s payout ratio is presently 47.42%.
In other news, EVP Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $126.02, for a total value of $630,100.00. Following the completion of the transaction, the executive vice president now directly owns 144,934 shares of the company’s stock, valued at approximately $18,264,582.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathleen T. Hogan sold 15,947 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $133.17, for a total value of $2,123,661.99. Following the completion of the transaction, the executive vice president now directly owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,247 shares of company stock valued at $28,204,754. 1.38% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in MSFT. Banco de Sabadell S.A increased its holdings in Microsoft by 33.4% in the 3rd quarter. Banco de Sabadell S.A now owns 259,659 shares of the software giant’s stock worth $29,698,000 after acquiring an additional 65,061 shares in the last quarter. Knowledge Leaders Capital LLC increased its holdings in Microsoft by 1.8% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 45,838 shares of the software giant’s stock worth $5,242,000 after acquiring an additional 808 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in Microsoft by 39.4% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,146,300 shares of the software giant’s stock worth $131,102,000 after acquiring an additional 324,100 shares in the last quarter. M Holdings Securities Inc. increased its holdings in Microsoft by 3.1% in the 3rd quarter. M Holdings Securities Inc. now owns 38,872 shares of the software giant’s stock worth $4,446,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Amussen Hunsaker Associates LLC increased its holdings in Microsoft by 63.0% in the 3rd quarter. Amussen Hunsaker Associates LLC now owns 10,182 shares of the software giant’s stock worth $1,165,000 after acquiring an additional 3,934 shares in the last quarter. 72.05% of the stock is owned by hedge funds and other institutional investors.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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