Microsoft Corporation (NASDAQ:MSFT) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other analysts also recently issued reports about the company. Sanford C. Bernstein set a $87.00 target price on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Canaccord Genuity reissued a “hold” rating and issued a $76.00 target price on shares of Microsoft Corporation in a research report on Friday, September 15th. Evercore ISI restated a “buy” rating and set a $80.00 price target on shares of Microsoft Corporation in a research note on Friday, August 18th. Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a research note on Wednesday, June 28th. Finally, Macquarie set a $77.00 price target on Microsoft Corporation and gave the stock a “neutral” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have issued a buy rating to the company. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $76.72.

Microsoft Corporation (NASDAQ MSFT) opened at 74.26 on Monday. The stock has a 50 day moving average price of $73.88 and a 200 day moving average price of $70.49. Microsoft Corporation has a 52 week low of $56.32 and a 52 week high of $75.97. The stock has a market capitalization of $571.97 billion, a PE ratio of 27.40 and a beta of 1.01.

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, 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 company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Microsoft Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts forecast that Microsoft Corporation will post $3.20 EPS for the current year.

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In other news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were 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. Over the last 90 days, insiders sold 7,108,526 shares of company stock worth $515,879,974. Company insiders own 2.99% of the company’s stock.

Several large investors have recently bought and sold shares of MSFT. Appropriate Balance Financial Services Inc. raised its position in Microsoft Corporation by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of Microsoft Corporation by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares in the last quarter. Hefty Wealth Partners lifted its stake in shares of Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. lifted its stake in shares of Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares in the last quarter. Finally, Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft Corporation in the first quarter worth about $132,000. Institutional investors and hedge funds own 73.40% 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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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