Somewhat Favorable News Coverage Somewhat Unlikely to Affect Microsoft Corporation (MSFT) Stock Price
News articles about Microsoft Corporation (NASDAQ:MSFT) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Microsoft Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the software giant an impact score of 45.708894356838 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- KeyCorp Weighs in on Microsoft Corporation’s Q3 2018 Earnings (MSFT) (americanbankingnews.com)
- Buy Microsoft Corp (NASDAQ:MSFT) On This Short-Term Weakness (investorplace.com)
- Amagi to Offer CLOUDPORT Virtualized Playout on Microsoft Azure Cloud Platform (multichannel.com)
- AI Software LLC, a Troy, Michigan-Based Software Company Achieves the Microsoft Gold Partnership for Application Development (releasewire.com)
- Forget the iPhone, This Cost Microsoft $57 billion (fool.com.au)
Several equities analysts have recently issued reports on MSFT shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $88.00 target price (up from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Bank of America Corporation reissued a “buy” rating and set a $75.00 target price on shares of Microsoft Corporation in a research note on Friday, June 16th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 target price on the stock in a research note on Monday, June 12th. Stifel Nicolaus reissued a “buy” rating and set a $73.00 target price on shares of Microsoft Corporation in a research note on Monday, July 17th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company. Microsoft Corporation currently has a consensus rating of “Buy” and an average target price of $76.72.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.71% during mid-day trading on Wednesday, hitting $75.21. The company had a trading volume of 13,353,633 shares. The firm has a market capitalization of $579.29 billion, a P/E ratio of 27.75 and a beta of 1.00. The company has a 50-day moving average price of $73.16 and a 200 day moving average price of $69.41. Microsoft Corporation has a 12 month low of $55.98 and a 12 month high of $75.24.
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, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities analysts forecast that Microsoft Corporation will post $3.17 EPS for the current fiscal year.
In related news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation 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 disclosure for this sale can be found here. In the last three months, insiders sold 7,108,526 shares of company stock valued at $515,879,974. Insiders own 2.99% of the company’s stock.
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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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