Microsoft Corporation (MSFT) Rating Increased to Buy at Vetr Inc.
Microsoft Corporation (NASDAQ:MSFT) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage presently has a $90.36 target price on the software giant’s stock. Vetr‘s target price would indicate a potential upside of 7.51% from the company’s current price.
A number of other equities research analysts also recently weighed in on MSFT. BMO Capital Markets reiterated an “outperform” rating and issued a $86.00 target price (up from $75.00) on shares of Microsoft Corporation in a report on Sunday, July 16th. Jefferies Group LLC reiterated a “sell” rating and issued a $49.00 target price (up from $45.00) on shares of Microsoft Corporation in a report on Monday, July 17th. Credit Suisse Group lifted their target price on Microsoft Corporation from $80.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, July 17th. Bank of America Corporation reiterated a “buy” rating and issued a $83.00 target price (up from $75.00) on shares of Microsoft Corporation in a report on Monday, July 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the stock. Microsoft Corporation presently has a consensus rating of “Buy” and an average target price of $83.86.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at $84.05 on Monday. The firm has a market capitalization of $647,485.56, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a 1-year low of $58.31 and a 1-year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. equities analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current year.
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In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. Insiders have sold a total of 100,763 shares of company stock valued at $7,574,552 over the last 90 days. 1.49% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSFT. Capital Research Global Investors lifted its holdings in Microsoft Corporation by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the period. Janus Henderson Group PLC lifted its holdings in Microsoft Corporation by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the period. Vanguard Group Inc. lifted its holdings in Microsoft Corporation by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the period. Tiger Global Management LLC lifted its holdings in Microsoft Corporation by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after buying an additional 8,369,500 shares during the period. Finally, Polen Capital Management LLC purchased a new stake in Microsoft Corporation in the 3rd quarter worth approximately $527,480,000. Institutional investors and hedge funds own 73.37% of the company’s stock.
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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