Microsoft Corp. (MSFT) Receives Buy Rating from Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note issued to investors on Wednesday morning. Deutsche Bank AG currently has a $65.00 target price on the software giant’s stock.
Several other equities analysts have also recently issued reports on the stock. Jefferies Group set a $40.00 target price on shares of Microsoft Corp. and gave the company a sell rating in a research note on Tuesday, September 27th. Vetr upgraded shares of Microsoft Corp. from a hold rating to a buy rating and set a $59.66 target price on the stock in a research note on Monday, September 26th. Macquarie restated a neutral rating and set a $54.00 target price on shares of Microsoft Corp. in a research note on Friday, September 23rd. Pacific Crest restated a buy rating and set a $65.00 target price on shares of Microsoft Corp. in a research note on Tuesday, September 13th. Finally, Nomura restated a buy rating and set a $65.00 target price on shares of Microsoft Corp. in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company’s stock. Microsoft Corp. has an average rating of Buy and a consensus target price of $59.41.
Microsoft Corp. (NASDAQ:MSFT) opened at 57.42 on Wednesday. The stock has a 50 day moving average of $57.49 and a 200 day moving average of $54.23. Microsoft Corp. has a 1-year low of $45.95 and a 1-year high of $58.70. The stock has a market cap of $447.45 billion, a P/E ratio of 27.34 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The company had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same quarter in the previous year, the business posted $0.60 EPS. Equities analysts anticipate that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.72%. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is currently 70.24%.
In other Microsoft Corp. news, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total transaction of $139,850,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 143,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the sale, the chief executive officer now directly owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Invictus RG bought a new stake in shares of Microsoft Corp. during the first quarter worth about $107,000. Riggs Asset Managment Co. Inc. raised its stake in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares during the period. Roble Belko & Company Inc raised its stake in shares of Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the period. Lowe fs LLC raised its stake in shares of Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares during the period. Finally, Northstar Group Inc. raised its stake in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock worth $202,000 after buying an additional 14 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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