Microsoft Corporation (MSFT) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of Microsoft Corporation (NASDAQ:MSFT) from a hold rating to a buy rating in a research note released on Wednesday.
Several other research analysts have also issued reports on MSFT. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $78.00 target price on shares of Microsoft Corporation in a research report on Tuesday, May 9th. Vetr lowered Microsoft Corporation from a buy rating to a hold rating and set a $71.81 target price on the stock. in a research report on Wednesday, May 10th. Cowen and Company reaffirmed an outperform rating on shares of Microsoft Corporation in a research report on Thursday, May 11th. Deutsche Bank AG upped their target price on Microsoft Corporation from $75.00 to $80.00 and gave the company a buy rating in a research report on Friday, May 12th. Finally, Canaccord Genuity reaffirmed a hold rating and set a $68.00 target price on shares of Microsoft Corporation in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have assigned a buy rating to the company. Microsoft Corporation presently has an average rating of Buy and an average target price of $76.66.
Shares of Microsoft Corporation (MSFT) traded down 0.48% during mid-day trading on Wednesday, reaching $73.98. 14,703,816 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $73.10 and a 200 day moving average of $69.19. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.96. The firm has a market capitalization of $569.81 billion, a P/E ratio of 27.30 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts forecast that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.11%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
In other news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was 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 $39,776,406. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 3G Capital Partners LP boosted its position in shares of Microsoft Corporation by 7.1% during the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock worth $99,955,000 after buying an additional 106,728 shares during the period. Tompkins Financial Corp boosted its position in shares of Microsoft Corporation by 21.1% during the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after buying an additional 18,225 shares during the period. Wealthfront Inc. boosted its position in shares of Microsoft Corporation by 15.8% during the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after buying an additional 31,364 shares during the period. State of Wisconsin Investment Board boosted its position in shares of Microsoft Corporation by 7.3% during the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after buying an additional 530,893 shares during the period. Finally, Dodge & Cox purchased a new position in shares of Microsoft Corporation during the fourth quarter worth $2,658,504,000. Institutional investors and hedge funds own 73.47% of the company’s stock.
Microsoft Corporation Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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