BMO Capital Markets Raises Microsoft (NASDAQ:MSFT) Price Target to $153.00

Microsoft (NASDAQ:MSFT) had its price objective lifted by BMO Capital Markets from $147.00 to $153.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. They currently have an outperform rating on the software giant’s stock.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada set a $165.00 price objective on shares of Allergan and gave the stock a hold rating in a research report on Monday, March 25th. Deutsche Bank reduced their price target on shares of from GBX 295 ($3.85) to GBX 285 ($3.72) and set a buy rating for the company in a research report on Wednesday, June 19th. Wells Fargo & Co set a $29.00 price target on shares of Establishment Labs and gave the company a buy rating in a research report on Friday, July 12th. Piper Jaffray Companies reiterated an overweight rating and issued a $760.00 price target (up previously from $755.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 25th. Finally, Barclays upped their price target on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the company an underweight rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. Microsoft currently has an average rating of Buy and an average target price of $145.16.

Shares of NASDAQ:MSFT traded up $2.09 during trading on Tuesday, hitting $138.51. 20,042,846 shares of the company were exchanged, compared to its average volume of 21,271,800. The stock has a market capitalization of $1,044.21 billion, a PE ratio of 35.70, a P/E/G ratio of 2.45 and a beta of 1.21. The company has a quick ratio of 2.93, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. Microsoft has a 12-month low of $93.96 and a 12-month high of $139.54. The company has a 50 day moving average of $133.48.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. The business had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. As a group, analysts forecast that Microsoft will post 4.59 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.33%. Microsoft’s payout ratio is currently 47.42%.

In other news, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $128.87, for a total transaction of $386,610.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 15,947 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the transaction, the executive vice president now directly owns 202,518 shares in the company, valued at $26,969,322.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,247 shares of company stock valued at $28,204,754. 1.38% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in Microsoft by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 577,877,949 shares of the software giant’s stock valued at $66,091,902,000 after acquiring an additional 8,820,439 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Microsoft by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock worth $2,861,479,000 after purchasing an additional 201,876 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Microsoft by 3.6% during the 4th quarter. Fisher Asset Management LLC now owns 19,441,789 shares of the software giant’s stock worth $1,974,703,000 after purchasing an additional 672,487 shares during the last quarter. Lunia Capital LP boosted its stake in shares of Microsoft by 9,650.2% during the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after purchasing an additional 16,861,809 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Microsoft by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock worth $1,375,016,000 after purchasing an additional 150,105 shares during the last quarter. 72.05% of the stock is currently owned by institutional investors and hedge funds.

About Microsoft

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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