Sanford C. Bernstein Analysts Give Microsoft Corporation (MSFT) a $87.00 Price Target
MSFT has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $78.00 price target on shares of Microsoft Corporation in a research report on Tuesday, May 9th. Bank of America Corporation reaffirmed a buy rating and set a $75.00 price target on shares of Microsoft Corporation in a research report on Friday, June 16th. Cowen and Company lifted their price target on shares of Microsoft Corporation from $70.00 to $74.00 and gave the company an outperform rating in a research report on Friday, April 28th. Vetr raised shares of Microsoft Corporation from a hold rating to a buy rating and set a $74.61 price target on the stock in a research report on Monday, June 12th. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $73.00 price target on shares of Microsoft Corporation in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $76.15.
Shares of Microsoft Corporation (MSFT) traded up 1.59% during midday trading on Friday, reaching $73.65. The company’s stock had a trading volume of 14,640,285 shares. The company has a 50 day moving average price of $71.70 and a 200-day moving average price of $67.95. The stock has a market capitalization of $567.27 billion, a PE ratio of 27.18 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 quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, equities research analysts expect that Microsoft Corporation will post $3.22 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
In other news, EVP Christopher C. Capossela sold 3,000 shares of the business’s 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 transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, insider Jean Philippe Courtois sold 26,165 shares of the business’s 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 transaction, 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 have sold 7,060,855 shares of company stock worth $512,251,908. Company insiders own 2.99% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC raised its position in shares of Microsoft Corporation by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares during the period. Hefty Wealth Partners raised its position in shares of Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the period. Asset Planning Services Ltd. raised its position in shares of Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the period. Ullmann Financial Group Inc. purchased a new position in shares of Microsoft Corporation during the first quarter worth about $132,000. Finally, Stelac Advisory Services LLC raised its position in shares of Microsoft Corporation by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 72.64% 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.
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