Microsoft Corporation (MSFT) Rating Reiterated by Evercore ISI
Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating restated by research analysts at Evercore ISI in a note issued to investors on Friday. They presently have a $80.00 price objective on the software giant’s stock. Evercore ISI’s price objective indicates a potential upside of 10.36% from the company’s previous close.
A number of other brokerages also recently issued reports on MSFT. Pacific Crest reaffirmed a “buy” rating and issued a $78.00 price objective (up from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Morningstar, Inc. reaffirmed a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price objective for the company. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Microsoft Corporation in a research report on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $76.26.
Microsoft Corporation (NASDAQ MSFT) opened at 72.49 on Friday. The stock’s 50 day moving average is $72.16 and its 200-day moving average is $68.26. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The firm has a market capitalization of $558.34 billion, a P/E ratio of 26.75 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Microsoft Corporation will post $3.21 EPS for the current year.
In other news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,057,855 shares of company stock valued at $512,044,578. Corporate insiders own 2.99% of the company’s stock.
Several large investors have recently bought and sold shares of MSFT. Norges Bank acquired a new position in shares of Microsoft Corporation during the fourth quarter worth about $4,334,099,000. Capital Research Global Investors boosted its position in shares of Microsoft Corporation by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the period. Dodge & Cox acquired a new position in shares of Microsoft Corporation during the fourth quarter worth about $2,658,504,000. Janus Henderson Group PLC boosted its position in shares of Microsoft Corporation by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Microsoft Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the period. 72.64% of the stock is owned by hedge funds and other institutional investors.
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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