Microsoft Corp. (MSFT) Rating Increased to Buy at Vetr Inc.
Microsoft Corp. (NASDAQ:MSFT) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $63.27 price target on the software giant’s stock. Vetr‘s price target points to a potential upside of 4.53% from the stock’s current price.
MSFT has been the topic of a number of other research reports. Wunderlich upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $70.00 in a report on Friday, October 21st. Cowen and Company restated an “outperform” rating and set a $64.00 target price on shares of Microsoft Corp. in a report on Thursday, October 27th. Goldman Sachs Group Inc. restated a “hold” rating and set a $57.00 target price on shares of Microsoft Corp. in a report on Monday, October 17th. restated an “outperform” rating and set a $60.00 target price on shares of Microsoft Corp. in a report on Wednesday, October 5th. Finally, Nomura restated a “buy” rating and set a $65.00 target price on shares of Microsoft Corp. in a report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the stock. Microsoft Corp. currently has an average rating of “Buy” and an average price target of $62.26.
Microsoft Corp. (NASDAQ:MSFT) opened at 60.53 on Thursday. Microsoft Corp. has a one year low of $48.03 and a one year high of $61.37. The firm has a market cap of $470.64 billion, a P/E ratio of 28.99 and a beta of 1.16. The stock has a 50 day moving average price of $59.22 and a 200-day moving average price of $55.75.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.08. The firm earned $22.30 billion during the quarter, compared to analyst estimates of $21.71 billion. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. Analysts predict that Microsoft Corp. will post $2.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. 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 dividend yield of 2.58%. Microsoft Corp.’s dividend payout ratio is presently 75.00%.
In related news, insider Frank H. Brod sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $60.53, for a total transaction of $302,650.00. Following the sale, the insider now owns 121,508 shares in the company, valued at approximately $7,354,879.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $59.57, for a total value of $714,840.00. Following the sale, the executive vice president now owns 265,306 shares in the company, valued at approximately $15,804,278.42. The disclosure for this sale can be found here. 2.99% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Invictus RG purchased a new position in shares of Microsoft Corp. during the first quarter valued at about $107,000. Peddock Capital Advisors LLC purchased a new position in shares of Microsoft Corp. during the third quarter valued at about $130,000. Riggs Asset Managment Co. Inc. raised its position in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares during the last quarter. Roble Belko & Company Inc raised its position in shares of Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock valued at $130,000 after buying an additional 210 shares during the last quarter. Finally, Windsor Capital Management LLC purchased a new position in shares of Microsoft Corp. during the third quarter valued at about $206,000. Institutional investors own 71.64% of the company’s stock.
About Microsoft Corp.
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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