Microsoft Corp.’s (MSFT) “Buy” Rating Reaffirmed at Deutsche Bank AG
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a report issued on Wednesday. They presently have a $65.00 price target on the software giant’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 12.01% from the company’s current price.
MSFT has been the subject of a number of other reports. Vetr lowered Microsoft Corp. from a “buy” rating to a “hold” rating and set a $59.96 price target for the company. in a report on Wednesday, September 21st. Goldman Sachs Group Inc. set a $55.00 price target on Microsoft Corp. and gave the stock a “neutral” rating in a report on Wednesday, June 29th. Citigroup Inc. upped their price target on Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, July 7th. Macquarie reiterated a “neutral” rating and set a $54.00 price target on shares of Microsoft Corp. in a report on Friday, September 23rd. Finally, Pacific Crest reiterated a “buy” rating and set a $65.00 price target on shares of Microsoft Corp. in a report on Tuesday, September 13th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.34.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.14% during trading on Wednesday, reaching $58.03. 20,420,687 shares of the company’s stock were exchanged. Microsoft Corp. has a 52-week low of $43.66 and a 52-week high of $58.70. The stock’s 50-day moving average price is $57.54 and its 200-day moving average price is $54.12. The company has a market capitalization of $452.20 billion, a price-to-earnings ratio of 27.63 and a beta of 1.08.
Microsoft Corp. (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The firm earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period in the previous year, the company earned $0.60 EPS. Equities analysts expect that Microsoft Corp. will post $2.90 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.69%. Microsoft Corp.’s payout ratio is currently 70.24%.
In other Microsoft Corp. news, CFO Amy Hood sold 120,000 shares of Microsoft Corp. stock in a transaction on Monday, August 8th. The stock was sold at an average price of $57.86, for a total value of $6,943,200.00. Following the completion of the transaction, the chief financial officer now directly owns 523,425 shares of the company’s stock, valued at approximately $30,285,370.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the transaction, the chief executive officer now directly owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Capital Asset Advisory Services LLC boosted its position in shares of Microsoft Corp. by 5.6% in the first quarter. Capital Asset Advisory Services LLC now owns 4,928 shares of the software giant’s stock valued at $272,000 after buying an additional 262 shares in the last quarter. Franklin Street Advisors Inc. NC boosted its position in Microsoft Corp. by 11.7% in the first quarter. Franklin Street Advisors Inc. NC now owns 186,396 shares of the software giant’s stock worth $10,295,000 after buying an additional 19,539 shares during the period. Exchange Capital Management Inc. boosted its position in Microsoft Corp. by 67.3% in the first quarter. Exchange Capital Management Inc. now owns 8,002 shares of the software giant’s stock worth $442,000 after buying an additional 3,219 shares during the period. Integrated Investment Consultants LLC boosted its position in Microsoft Corp. by 2.7% in the first quarter. Integrated Investment Consultants LLC now owns 15,252 shares of the software giant’s stock worth $830,000 after buying an additional 400 shares during the period. Finally, Daiwa SB Investments Ltd. boosted its position in Microsoft Corp. by 6.0% in the first quarter. Daiwa SB Investments Ltd. now owns 198,640 shares of the software giant’s stock worth $10,971,000 after buying an additional 11,217 shares during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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