Microsoft Corp. (MSFT) PT Set at $40.00 by Jefferies Group
Microsoft Corp. (NASDAQ:MSFT) has been assigned a $40.00 target price by stock analysts at Jefferies Group in a research note issued to investors on Tuesday. The firm presently has a a “sell” rating on the software giant’s stock. Jefferies Group’s price target would indicate a potential downside of 31.07% from the stock’s previous close.
Several other equities research analysts have also issued reports on the stock. Sanford C. Bernstein set a $68.00 price target on shares of Microsoft Corp. and gave the company a “buy” rating in a report on Friday, July 15th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $62.00 price target on shares of Microsoft Corp. in a report on Friday, July 22nd. Argus reissued a “hold” rating on shares of Microsoft Corp. in a report on Monday, July 25th. Canaccord Genuity reissued a “hold” rating and issued a $55.00 price target on shares of Microsoft Corp. in a report on Wednesday, June 15th. Finally, Independent Research GmbH set a $50.00 price target on shares of Microsoft Corp. and gave the company a “sell” rating in a report on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $59.34.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 58.03 on Tuesday. The stock has a market capitalization of $452.20 billion, a PE ratio of 27.63 and a beta of 1.08. Microsoft Corp. has a 52-week low of $43.75 and a 52-week high of $58.70. The stock’s 50 day moving average is $57.54 and its 200 day moving average is $54.15.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Equities research analysts expect that Microsoft Corp. will post $2.90 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.39 per share. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 annualized dividend and a yield of 2.69%. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider G Mason Morfit sold 18,000,000 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total value of $1,010,160,000.00. The disclosure for this sale can be found here. Company insiders own 3.76% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MSFT. Carnick & Kubik Group LLC purchased a new position in Microsoft Corp. during the second quarter valued at $2,152,000. Williams Jones & Associates LLC boosted its position in Microsoft Corp. by 210.0% in the second quarter. Williams Jones & Associates LLC now owns 493,602 shares of the software giant’s stock valued at $25,258,000 after buying an additional 334,382 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Microsoft Corp. during the second quarter valued at $16,240,000. Kentucky Retirement Systems purchased a new position in Microsoft Corp. during the second quarter valued at $34,204,000. Finally, AR Asset Management Inc. boosted its position in Microsoft Corp. by 2.2% in the second quarter. AR Asset Management Inc. now owns 14,100 shares of the software giant’s stock valued at $721,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.
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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