Microsoft (MSFT) Earns Outperform Rating from Credit Suisse Group
Credit Suisse Group reiterated their outperform rating on shares of Microsoft (NASDAQ:MSFT) in a research note issued to investors on Thursday morning. They currently have a $115.00 price objective on the software giant’s stock, up from their previous price objective of $95.00.
Several other brokerages have also issued reports on MSFT. Zacks Investment Research upgraded Microsoft from a hold rating to a buy rating and set a $99.00 target price for the company in a research report on Wednesday. Vetr lowered Microsoft from a buy rating to a hold rating and set a $93.54 target price for the company. in a research report on Wednesday. Oppenheimer boosted their target price on Microsoft to $115.00 and gave the company an outperform rating in a research report on Tuesday, January 9th. Barclays set a $95.00 target price on Microsoft and gave the company an overweight rating in a research report on Friday, January 12th. Finally, Wells Fargo & Co reiterated an outperform rating and issued a $100.00 price target (up previously from $90.00) on shares of Microsoft in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $88.32.
Shares of Microsoft (MSFT) traded down $0.10 during trading hours on Thursday, hitting $90.00. The company’s stock had a trading volume of 36,880,000 shares, compared to its average volume of 23,030,000. Microsoft has a fifty-two week low of $62.37 and a fifty-two week high of $90.79. The stock has a market capitalization of $694,310.00, a price-to-earnings ratio of 30.41, a PEG ratio of 2.11 and a beta of 0.99. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th 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 1.87%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is presently 56.76%.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares during the last quarter. Capital Research Global Investors boosted its holdings in Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Legal & General Group Plc boosted its holdings in Microsoft by 2.1% in the third quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock valued at $2,864,881,000 after purchasing an additional 774,549 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Microsoft by 3.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant’s stock valued at $2,696,444,000 after purchasing an additional 1,148,178 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
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Microsoft 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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