Microsoft (NASDAQ:MSFT) had its price target upped by Raymond James from $160.00 to $163.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. Raymond James currently has a strong-buy rating on the software giant’s stock.
MSFT has been the subject of a number of other reports. Morgan Stanley lowered their target price on shares of RPC from $12.00 to $9.50 and set an underperform rating for the company in a research note on Thursday, April 25th. Citigroup set a $12.00 target price on shares of Controladora Vuela Co Avcn SA CV and gave the stock a buy rating in a research note on Monday, July 15th. DZ Bank reiterated a sell rating on shares of Sartorius in a research note on Friday. Barclays lifted their target price on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the stock an underweight rating in a research note on Thursday, April 25th. Finally, BMO Capital Markets reiterated an outperform rating and issued a $115.00 target price (down from $118.00) on shares of New Relic in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Microsoft currently has an average rating of Buy and an average price target of $146.41.
MSFT stock opened at $136.62 on Friday. The stock has a 50 day moving average of $133.73. The firm has a market cap of $1,046.89 billion, a PE ratio of 28.76, a PEG ratio of 2.43 and a beta of 1.21. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. Microsoft has a 52 week low of $93.96 and a 52 week high of $140.67.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. Microsoft’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS. Sell-side analysts anticipate that Microsoft will post 5.15 earnings per share for the current year.
The company 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 dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is 38.74%.
In other news, EVP Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 15,947 shares of Microsoft stock in a transaction that occurred on Monday, June 10th. The shares were 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 of the company’s stock, valued at $26,969,322.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 216,247 shares of company stock valued at $28,204,754. Insiders own 1.38% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Orgel Wealth Management LLC increased its holdings in Microsoft by 1.2% in the 2nd quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock worth $870,000 after acquiring an additional 74 shares in the last quarter. Planning Directions Inc. increased its holdings in Microsoft by 3.2% in the 2nd quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock worth $324,000 after acquiring an additional 74 shares in the last quarter. Harvey Investment Co. LLC increased its holdings in Microsoft by 0.4% in the 2nd quarter. Harvey Investment Co. LLC now owns 18,085 shares of the software giant’s stock worth $2,423,000 after acquiring an additional 80 shares in the last quarter. Merit Financial Group LLC boosted its stake in Microsoft by 1.4% during the 1st quarter. Merit Financial Group LLC now owns 5,822 shares of the software giant’s stock worth $686,000 after purchasing an additional 82 shares during the last quarter. Finally, Navellier & Associates Inc boosted its stake in Microsoft by 0.6% during the 2nd quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock worth $2,050,000 after purchasing an additional 95 shares during the last quarter. 72.04% 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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