Microsoft Corp. (MSFT) Hits New 12-Month High at $57.52
Microsoft Corp. (NASDAQ:MSFT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.52 and last traded at $57.44, with a volume of 12,002,338 shares. The stock had previously closed at $56.97.
MSFT has been the subject of a number of research analyst reports. Vetr upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Wednesday, April 6th. Nomura restated a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Microsoft Corp. in a report on Tuesday, April 19th. Morgan Stanley restated a “buy” rating on shares of Microsoft Corp. in a report on Tuesday, April 12th. Deutsche Bank AG restated a “buy” rating and set a $65.00 price target on shares of Microsoft Corp. in a report on Friday, April 22nd. Finally, Sanford C. Bernstein restated a “buy” rating and set a $68.00 price target on shares of Microsoft Corp. in a report on Friday, April 22nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. Microsoft Corp. currently has an average rating of “Buy” and an average price target of $58.88.
The firm’s 50-day moving average is $53.03 and its 200 day moving average is $52.51. The company has a market cap of $447.21 billion and a P/E ratio of 27.33.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.11. The business earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period in the previous year, the business posted $0.60 EPS. On average, equities research analysts predict that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, August 16th.
In other Microsoft Corp. news, CMO Christopher C. Capossela sold 5,337 shares of Microsoft Corp. stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $50.89, for a total transaction of $271,599.93. Following the completion of the transaction, the chief marketing officer now owns 270,548 shares of the company’s stock, valued at approximately $13,768,187.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider G Mason Morfit sold 18,000,000 shares of Microsoft Corp. stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $56.12, for a total value of $1,010,160,000.00. The disclosure for this sale can be found here.
Other hedge funds and institutional investors recently bought and sold shares of the company. Jennison Associates LLC raised its position in shares of Microsoft Corp. by 300.9% in the fourth quarter. Jennison Associates LLC now owns 23,835,668 shares of the software giant’s stock valued at $1,322,403,000 after buying an additional 17,890,575 shares during the last quarter. Boston Partners raised its position in shares of Microsoft Corp. by 0.7% in the fourth quarter. Boston Partners now owns 23,094,697 shares of the software giant’s stock valued at $1,281,294,000 after buying an additional 171,842 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Microsoft Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 15,197,685 shares of the software giant’s stock valued at $843,168,000 after buying an additional 241,480 shares during the last quarter. Sanders Capital LLC raised its position in shares of Microsoft Corp. by 2.2% in the fourth quarter. Sanders Capital LLC now owns 12,962,599 shares of the software giant’s stock valued at $742,132,000 after buying an additional 278,300 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Microsoft Corp. by 15.2% in the fourth quarter. American Century Companies Inc. now owns 12,534,512 shares of the software giant’s stock valued at $695,415,000 after buying an additional 1,655,964 shares during the last quarter.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.
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