Credit Agricole SA Reiterates Outperform Rating for Microsoft Corp. (MSFT)
Credit Agricole SA reiterated their outperform rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research report released on Wednesday. Credit Agricole SA currently has a $60.00 price target on the software giant’s stock.
Other equities analysts have also issued reports about the company. Vetr raised Microsoft Corp. from a buy rating to a strong-buy rating and set a $57.13 price objective for the company in a report on Tuesday, June 14th. BMO Capital Markets reissued a buy rating and set a $57.00 price objective on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura reissued a buy rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 price objective on Microsoft Corp. and gave the company a buy rating in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. reissued a hold rating and set a $50.00 price objective on shares of Microsoft Corp. in a report on Monday, July 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $59.41.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The business earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period in the prior year, the company earned $0.60 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.39 per share. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.69%. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
In other Microsoft Corp. news, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $55.94, for a total transaction of $139,850,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider G Mason Morfit sold 18,000,000 shares of the firm’s 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. Company insiders own 3.76% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MSFT. Euclid Advisors LLC increased its stake in Microsoft Corp. by 24.6% in the first quarter. Euclid Advisors LLC now owns 672,938 shares of the software giant’s stock worth $37,166,000 after buying an additional 132,695 shares during the last quarter. First Manhattan Co. increased its stake in Microsoft Corp. by 1.4% in the second quarter. First Manhattan Co. now owns 7,974,066 shares of the software giant’s stock worth $408,033,000 after buying an additional 108,933 shares during the last quarter. Roffman Miller Associates Inc. PA increased its stake in Microsoft Corp. by 5.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 390,571 shares of the software giant’s stock worth $19,986,000 after buying an additional 21,496 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its stake in Microsoft Corp. by 24.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 914,066 shares of the software giant’s stock worth $50,484,000 after buying an additional 182,140 shares during the last quarter. Finally, Trust Co. of Virginia VA increased its stake in Microsoft Corp. by 2.6% in the second quarter. Trust Co. of Virginia VA now owns 219,968 shares of the software giant’s stock worth $11,256,000 after buying an additional 5,568 shares during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.
About Microsoft Corp.
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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