Microsoft Corporation (MSFT) Given a $87.00 Price Target at Sanford C. Bernstein
Microsoft Corporation (NASDAQ:MSFT) received a $87.00 target price from research analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the software giant’s stock. Sanford C. Bernstein’s price target would suggest a potential upside of 21.83% from the company’s current price.
Several other research analysts have also recently issued reports on MSFT. BidaskClub cut Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) set a $88.00 price target on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 4th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price target on the stock in a report on Monday, July 31st. Stifel Nicolaus set a $80.00 price target on Microsoft Corporation and gave the company a “buy” rating in a report on Monday, July 24th. Finally, Global Equities Research reaffirmed a “buy” rating and issued a $75.00 price target on shares of Microsoft Corporation in a report on Tuesday, June 13th. Two equities research 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. The company currently has a consensus rating of “Buy” and a consensus price target of $76.15.
Shares of Microsoft Corporation (MSFT) traded up 0.41% during midday trading on Friday, reaching $71.70. The company’s stock had a trading volume of 3,234,267 shares. The stock has a market capitalization of $552.25 billion, a PE ratio of 26.46 and a beta of 1.01. The stock’s 50 day moving average is $71.64 and its 200 day moving average is $67.88. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42.
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, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, analysts forecast that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
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In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the sale, the executive vice president now directly owns 214,080 shares in the company, valued at $14,718,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,060,855 shares of company stock worth $512,251,908. Company insiders own 2.99% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Crystal Rock Capital Management purchased a new stake in Microsoft Corporation during the second quarter valued at $1,161,000. Investec Asset Management PTY Ltd raised its stake in shares of Microsoft Corporation by 51.2% in the second quarter. Investec Asset Management PTY Ltd now owns 60,564 shares of the software giant’s stock worth $4,178,000 after buying an additional 20,498 shares during the last quarter. Investec Asset Management LTD raised its stake in shares of Microsoft Corporation by 16.5% in the second quarter. Investec Asset Management LTD now owns 10,597,897 shares of the software giant’s stock worth $730,513,000 after buying an additional 1,504,627 shares during the last quarter. Fayez Sarofim & Co. raised its stake in shares of Microsoft Corporation by 18.1% in the second quarter. Fayez Sarofim & Co. now owns 6,585,962 shares of the software giant’s stock worth $453,970,000 after buying an additional 1,008,724 shares during the last quarter. Finally, Investec Asset Management North America Inc. raised its stake in shares of Microsoft Corporation by 388.0% in the second quarter. Investec Asset Management North America Inc. now owns 179,668 shares of the software giant’s stock worth $12,385,000 after buying an additional 142,849 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
Microsoft Corporation Company Profile
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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