Brokerages Set Microsoft Corporation (MSFT) Price Target at $83.04
Shares of Microsoft Corporation (NASDAQ:MSFT) have received a consensus recommendation of “Buy” from the forty-two brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twenty-nine have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $83.35.
A number of analysts have recently issued reports on the stock. UBS AG set a $105.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group set a $84.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday. Finally, Barclays PLC restated an “overweight” rating and set a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded down $0.22 during mid-day trading on Monday, reaching $83.87. 19,397,700 shares of the company’s stock were exchanged, compared to its average volume of 22,495,926. The firm has a market capitalization of $648,719.88, a PE ratio of 24.88, a P/E/G ratio of 1.97 and a beta of 1.01. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a 12-month low of $57.28 and a 12-month high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. research analysts expect that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is 53.06%.
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In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold 96,763 shares of company stock worth $7,240,712 over the last quarter. Company insiders own 1.49% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Doyle Wealth Management purchased a new stake in Microsoft Corporation in the first quarter worth $27,269,000. Mountain Pacific Investment Advisers Inc. ID lifted its stake in Microsoft Corporation by 16.1% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 11,177 shares of the software giant’s stock worth $736,000 after acquiring an additional 1,550 shares during the period. Howard Capital Management lifted its stake in Microsoft Corporation by 2.9% in the first quarter. Howard Capital Management now owns 331,525 shares of the software giant’s stock worth $21,834,000 after acquiring an additional 9,324 shares during the period. Berkshire Asset Management LLC PA lifted its stake in Microsoft Corporation by 2.7% in the first quarter. Berkshire Asset Management LLC PA now owns 386,044 shares of the software giant’s stock worth $25,425,000 after acquiring an additional 10,277 shares during the period. Finally, Oliver Luxxe Assets LLC purchased a new stake in Microsoft Corporation in the first quarter worth $259,000. Hedge funds and other institutional investors own 73.35% 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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