Microsoft Corporation (MSFT) Stock Rating Reaffirmed by KeyCorp
KeyCorp reissued their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research note issued to investors on Sunday. They currently have a $82.00 price objective on the software giant’s stock. KeyCorp also issued estimates for Microsoft Corporation’s Q3 2018 earnings at $0.71 EPS, Q1 2019 earnings at $0.77 EPS, Q2 2019 earnings at $0.91 EPS, Q4 2019 earnings at $0.95 EPS and FY2019 earnings at $3.45 EPS.
“We have rebuilt our detailed segment model drivers for Microsoft, incorporating new ASC 606 reclassifications that have no impact on cash flow, higher Azure revenue growth assumptions, and new device product cycle benefits (Xbox One, Surface Laptop, etc.).”,” the firm’s analyst commented.
A number of other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada set a $77.00 price objective on shares of Microsoft Corporation and gave the stock a buy rating in a research report on Monday, July 10th. Zacks Investment Research cut shares of Microsoft Corporation from a strong-buy rating to a hold rating in a research report on Monday, July 24th. Credit Suisse Group reissued an outperform rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. ValuEngine raised shares of Microsoft Corporation from a hold rating to a buy rating in a research report on Wednesday, September 6th. Finally, Vetr raised shares of Microsoft Corporation from a hold rating to a buy rating and set a $70.87 price objective on the stock in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the stock. Microsoft Corporation presently has a consensus rating of Buy and an average target price of $76.72.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 75.21 on Friday. 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 52-week low of $55.98 and a 52-week high of $75.24. The firm has a market cap of $579.29 billion, a P/E ratio of 27.75 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last released 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. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations 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 was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, analysts expect that Microsoft Corporation will post $3.17 earnings per share for the current fiscal year.
In related news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 over the last ninety days. 2.99% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. Intl Fcstone Inc. raised its position in Microsoft Corporation by 221.0% in the 2nd quarter. Intl Fcstone Inc. now owns 41,018 shares of the software giant’s stock worth $2,827,000 after purchasing an additional 28,238 shares during the period. Griffin Asset Management Inc. purchased a new position in Microsoft Corporation in the 2nd quarter worth $6,356,000. Gs Investments Inc. purchased a new position in Microsoft Corporation in the 2nd quarter worth $1,733,000. United Bank VA raised its position in Microsoft Corporation by 1.3% in the 2nd quarter. United Bank VA now owns 67,878 shares of the software giant’s stock worth $4,679,000 after purchasing an additional 869 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in Microsoft Corporation in the 2nd quarter worth $201,000. Institutional investors own 73.47% 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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