Microsoft Corporation (MSFT) Receives “Buy” Rating from Sanford C. Bernstein
Sanford C. Bernstein reaffirmed their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research note published on Wednesday morning. Sanford C. Bernstein currently has a $100.00 target price on the software giant’s stock.
MSFT has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) restated a buy rating and set a $88.00 target price (up previously from $78.00) on shares of Microsoft Corporation in a report on Tuesday, July 18th. Argus upgraded Microsoft Corporation from a hold rating to a buy rating and raised their target price for the stock from $57.28 to $95.00 in a report on Tuesday, October 31st. Credit Suisse Group restated an outperform rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the stock a buy rating in a report on Friday, July 21st. Finally, J P Morgan Chase & Co set a $64.00 target price on Microsoft Corporation and gave the stock a neutral rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $84.21.
Shares of Microsoft Corporation (MSFT) traded up $0.34 during mid-day trading on Wednesday, reaching $83.32. The company had a trading volume of 14,110,000 shares, compared to its average volume of 20,730,000. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The firm has a market capitalization of $642,780.00, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. Microsoft Corporation has a 1 year low of $58.80 and a 1 year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the business earned $0.76 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. analysts expect that Microsoft Corporation will post 3.37 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase 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 presently 52.70%.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares in the company, valued at approximately $15,797,141.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,763 shares of company stock valued at $7,908,472. 1.49% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its holdings in Microsoft Corporation by 300.0% in the 2nd 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 increased its holdings in Microsoft Corporation by 65.6% in the 2nd 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. Ullmann Financial Group Inc. acquired a new position in Microsoft Corporation in the 1st quarter worth about $132,000. Stelac Advisory Services LLC increased its holdings in Microsoft Corporation by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares in the last quarter. Finally, Opera Trading Capital increased its holdings in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares in the last quarter. Institutional investors and hedge funds own 73.37% 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.
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