Microsoft (NASDAQ:MSFT) Given “Buy” Rating at Wedbush
Wedbush restated their buy rating on shares of Microsoft (NASDAQ:MSFT) in a research note issued to investors on Friday morning, AnalystRatings.com reports. Wedbush currently has a $220.00 target price on the software giant’s stock.
Several other research firms also recently commented on MSFT. Citigroup started coverage on shares of Microsoft in a research note on Friday, May 15th. They issued a hold rating on the stock. BMO Capital Markets raised their price target on shares of Microsoft from $200.00 to $212.00 and gave the stock an outperform rating in a research note on Thursday, April 30th. Mizuho reissued a buy rating and set a $205.00 target price on shares of Microsoft in a research report on Wednesday, May 20th. Summit Insights began coverage on shares of Microsoft in a research report on Wednesday, May 27th. They set a buy rating and a $220.00 target price on the stock. Finally, Morgan Stanley reissued a buy rating and set a $198.00 target price on shares of Microsoft in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $196.63.
MSFT stock opened at $198.44 on Friday. The company has a market capitalization of $1,495.68 billion, a PE ratio of 33.07, a P/E/G ratio of 2.47 and a beta of 0.94. Microsoft has a 12 month low of $130.78 and a 12 month high of $203.95. The firm’s 50-day moving average is $188.00 and its 200 day moving average is $170.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.90 and a quick ratio of 2.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, August 19th. Microsoft’s payout ratio is 42.95%.
In other news, EVP Margaret L. Johnson sold 35,000 shares of Microsoft stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $176.08, for a total transaction of $6,162,800.00. Following the completion of the transaction, the executive vice president now directly owns 50,023 shares of the company’s stock, valued at approximately $8,808,049.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Frank H. Brod sold 3,000 shares of Microsoft stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $176.94, for a total transaction of $530,820.00. Following the transaction, the chief accounting officer now directly owns 57,136 shares of the company’s stock, valued at $10,109,643.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,049 shares of company stock valued at $6,702,736. Company insiders own 1.39% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Microsoft in the 4th quarter worth $12,315,435,000. Private Advisor Group LLC increased its holdings in Microsoft by 100.9% in the 4th quarter. Private Advisor Group LLC now owns 442,643 shares of the software giant’s stock worth $69,805,000 after acquiring an additional 47,658,854 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in Microsoft in the 1st quarter worth $328,820,000. Geode Capital Management LLC increased its holdings in Microsoft by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 113,401,519 shares of the software giant’s stock worth $17,849,067,000 after acquiring an additional 5,771,223 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Microsoft by 22.9% during the first quarter. Swiss National Bank now owns 28,404,917 shares of the software giant’s stock worth $4,479,739,000 after buying an additional 5,287,700 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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