Microsoft (NASDAQ:MSFT) Research Coverage Started at Guggenheim

Guggenheim assumed coverage on shares of Microsoft (NASDAQ:MSFTGet Rating) in a report released on Friday, Marketbeat reports. The firm issued a neutral rating and a $292.00 price objective on the software giant’s stock.

MSFT has been the subject of several other research reports. William Blair reaffirmed an outperform rating on shares of Microsoft in a report on Wednesday, April 27th. Citigroup cut their price objective on Microsoft from $330.00 to $300.00 and set a buy rating for the company in a report on Wednesday, July 27th. Stifel Nicolaus cut their price objective on Microsoft from $320.00 to $300.00 and set a buy rating for the company in a report on Wednesday, July 27th. UBS Group set a $330.00 price objective on Microsoft in a report on Monday, June 20th. Finally, Fundamental Research reaffirmed a hold rating and issued a $280.50 price objective on shares of Microsoft in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $334.31.

Microsoft Stock Up 0.5 %

MSFT stock opened at $293.47 on Friday. Microsoft has a 1-year low of $241.51 and a 1-year high of $349.67. The business has a fifty day moving average price of $264.82 and a 200-day moving average price of $279.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 30.44, a P/E/G ratio of 2.46 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous year, the firm posted $2.17 earnings per share. Equities analysts forecast that Microsoft will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio is presently 25.73%.

Hedge Funds Weigh In On Microsoft

A number of large investors have recently added to or reduced their stakes in the company. Carmel Capital Partners LLC acquired a new position in Microsoft during the fourth quarter valued at $667,000. Bray Capital Advisors increased its stake in shares of Microsoft by 1.0% during the fourth quarter. Bray Capital Advisors now owns 34,129 shares of the software giant’s stock worth $11,478,000 after purchasing an additional 344 shares in the last quarter. Harrison & Co Wealth Management LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $1,051,000. Peterson Financial Group Inc. purchased a new stake in Microsoft during the 4th quarter valued at about $27,375,000. Finally, Garner Asset Management Corp grew its stake in Microsoft by 3.0% during the 4th quarter. Garner Asset Management Corp now owns 10,205 shares of the software giant’s stock valued at $3,432,000 after acquiring an additional 298 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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