Microsoft Corporation (MSFT) Given “Buy” Rating at Stifel Nicolaus
Stifel Nicolaus reissued their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research note issued to investors on Monday. The firm currently has a $80.00 price objective on the software giant’s stock.
Several other equities analysts have also issued reports on MSFT. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the stock a buy rating in a research report on Friday, August 11th. Vetr lowered Microsoft Corporation from a buy rating to a hold rating and set a $74.32 price target on the stock. in a research report on Tuesday, September 12th. BidaskClub upgraded Microsoft Corporation from a hold rating to a buy rating in a research report on Wednesday, August 16th. Credit Suisse Group set a $84.00 price target on Microsoft Corporation and gave the stock a buy rating in a research report on Friday, August 11th. Finally, Evercore ISI restated a buy rating and set a $80.00 price target on shares of Microsoft Corporation in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $76.72.
Shares of Microsoft Corporation (MSFT) opened at 74.21 on Monday. The company has a market capitalization of $571.58 billion, a PE ratio of 27.38 and a beta of 1.00. The company has a 50-day moving average price of $73.41 and a 200 day moving average price of $69.80. Microsoft Corporation has a one year low of $56.32 and a one year high of $75.97. Microsoft Corporation also was the target of unusually large options trading on Wednesday. Traders purchased 29,563 put options on the stock. This represents an increase of 118% compared to the typical daily volume of 13,565 put options.
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. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period last year, the company earned $0.69 EPS. Microsoft Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Microsoft Corporation will post $3.17 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.24%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is currently 57.78%.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the sale, the insider now owns 544,080 shares of the company’s stock, valued at $40,261,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock valued at $515,879,974 in the last three months. 2.99% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp boosted 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 acquiring an additional 18,225 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Microsoft Corporation by 7.3% in the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after acquiring an additional 530,893 shares during the period. Wealthfront Inc. boosted 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 acquiring an additional 31,364 shares during the period. Dodge & Cox bought a new position in shares of Microsoft Corporation in the fourth quarter worth about $2,658,504,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of Microsoft Corporation by 33.5% in the first quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock worth $2,554,000 after acquiring an additional 9,768 shares during the period. 73.40% of the stock is owned by institutional investors and hedge funds.
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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