Microsoft Corporation (NASDAQ:MSFT) had its price objective upped by investment analysts at BMO Capital Markets from $75.00 to $86.00 in a research report issued on Friday, July 21st, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the software giant’s stock. BMO Capital Markets’ price objective suggests a potential upside of 18.67% from the stock’s previous close.

Several other research analysts have also commented on the stock. J P Morgan Chase & Co set a $64.00 price target on shares of Microsoft Corporation and gave the stock a “neutral” rating in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $88.00 price target (up previously from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research note on Monday, July 17th. Bank of America Corporation reiterated a “buy” rating and issued a $83.00 target price (up from $75.00) on shares of Microsoft Corporation in a research note on Monday, July 17th. Finally, Credit Suisse Group raised their target price on shares of Microsoft Corporation from $80.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.15.

Microsoft Corporation (MSFT) opened at 72.47 on Friday. The company’s 50-day moving average price is $71.61 and its 200 day moving average price is $67.86. The stock has a market capitalization of $558.60 billion, a P/E ratio of 26.74 and a beta of 1.01. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Microsoft Corporation will post $3.22 EPS for the current fiscal year.

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In other Microsoft Corporation news, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total transaction of $207,330.00. Following the sale, the executive vice president now directly owns 216,507 shares in the company, valued at $14,962,798.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jean Philippe Courtois sold 26,165 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the sale, the insider now owns 570,843 shares in the company, valued at $39,388,167. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,060,855 shares of company stock worth $512,251,908. Corporate insiders own 2.99% of the company’s stock.

Large investors have recently made changes to their positions in the company. Northstar Group Inc. boosted its position in Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock worth $248,000 after buying an additional 12 shares during the period. Gierl Augustine Investment Management Inc boosted its position in Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after buying an additional 13 shares during the period. New Capital Management LP boosted its position in Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after buying an additional 22 shares during the period. Nottingham Advisors Inc. boosted its position in Microsoft Corporation by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after buying an additional 22 shares during the period. Finally, American Economic Planning Group Inc. ADV boosted its position in Microsoft Corporation by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 72.86% of the company’s stock.

About Microsoft Corporation

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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