Microsoft Corporation (MSFT) Now Covered by Moffett Nathanson
Research analysts at Moffett Nathanson began coverage on shares of Microsoft Corporation (NASDAQ:MSFT) in a report issued on Wednesday. The firm set a “neutral” rating and a $81.00 price target on the software giant’s stock. Moffett Nathanson’s target price indicates a potential upside of 8.96% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Barclays PLC reissued an “overweight” rating and set a $82.00 price objective (up from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Raymond James Financial, Inc. boosted their price objective on shares of Microsoft Corporation to $84.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, MKM Partners reissued a “neutral” rating and set a $70.00 price objective (up from $66.00) on shares of Microsoft Corporation in a report on Sunday, July 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.66.
Microsoft Corporation (MSFT) traded down 0.19% on Wednesday, hitting $74.20. 2,816,967 shares of the stock were exchanged. The stock has a market cap of $571.51 billion, a price-to-earnings ratio of 27.38 and a beta of 1.00. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.96. The company has a 50-day moving average of $73.11 and a 200-day moving average of $69.16.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the 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 firm had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Microsoft Corporation will post $3.22 EPS for the current year.
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In related news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock worth $515,879,974 in the last ninety days. 2.99% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of MSFT. Acrospire Investment Management LLC increased its stake in Microsoft Corporation by 300.0% in the 2nd 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 increased its stake in Microsoft Corporation by 65.6% in the 2nd 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. increased its stake in Microsoft Corporation by 93.0% in the 1st 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 Microsoft Corporation in the 1st quarter worth about $132,000. Finally, Stelac Advisory Services LLC increased its stake in Microsoft Corporation by 23.5% in the 2nd 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. 73.47% of the stock is currently owned by 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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