Microsoft Corporation (MSFT) Stock Rating Lowered by BidaskClub
Microsoft Corporation (NASDAQ:MSFT) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
Other equities analysts also recently issued reports about the stock. Credit Suisse Group assumed coverage on shares of Microsoft Corporation in a report on Thursday, April 27th. They set an “outperform” rating and a $80.00 price objective for the company. Barclays PLC reaffirmed an “overweight” rating and set a $82.00 price objective (up from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Raymond James Financial, Inc. raised their price objective on shares of Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a report on Friday, July 21st. MKM Partners reaffirmed a “neutral” rating and set a $70.00 price objective (up from $66.00) on shares of Microsoft Corporation in a report on Sunday, July 23rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Microsoft Corporation in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the company. Microsoft Corporation presently has a consensus rating of “Buy” and an average price target of $76.15.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 3,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total value of $207,330.00. Following the transaction, the executive vice president now owns 216,507 shares of the company’s stock, valued at $14,962,798.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,165 shares of Microsoft Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the transaction, the insider now directly owns 570,843 shares in the company, valued at approximately $39,388,167. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,855 shares of company stock worth $4,331,908. Insiders own 2.99% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in MSFT. 3G Capital Partners LP raised its position in shares of Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock worth $99,955,000 after buying an additional 106,728 shares during the last quarter. Tompkins Financial Corp raised its stake in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after buying an additional 18,225 shares in the last quarter. Wealthfront Inc. raised its stake in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after buying an additional 31,364 shares in the last quarter. AMF Pensionsforsakring AB raised its stake in shares of Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock worth $408,862,000 after buying an additional 606,188 shares in the last quarter. Finally, Dodge & Cox acquired a new stake in shares of Microsoft Corporation during the fourth quarter worth approximately $2,658,504,000. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
About Microsoft Corporation
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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