Microsoft (MSFT) PT Set at $95.00 by Barclays
Barclays set a $95.00 price objective on Microsoft (NASDAQ:MSFT) in a research note published on Friday morning, Marketbeat reports. The firm currently has an overweight rating on the software giant’s stock.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Microsoft from a buy rating to a hold rating in a research note on Tuesday, January 9th. Credit Suisse Group reiterated a buy rating and set a $95.00 price objective on shares of Microsoft in a research note on Friday, October 27th. Morgan Stanley set a $88.00 price objective on shares of Microsoft and gave the stock a buy rating in a research note on Friday, October 27th. Tigress Financial reiterated a buy rating on shares of Microsoft in a research note on Tuesday, November 7th. Finally, Vetr upgraded shares of Microsoft from a sell rating to a hold rating and set a $82.07 price objective for the company in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the company. Microsoft has an average rating of Buy and an average target price of $86.97.
Microsoft (NASDAQ:MSFT) traded down $0.11 during trading hours on Friday, hitting $89.49. 14,830,000 shares of the stock traded hands, compared to its average volume of 23,180,000. Microsoft has a 1-year low of $62.03 and a 1-year high of $90.79. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $690,340.00, a P/E ratio of 30.23, a P/E/G ratio of 2.09 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. research analysts forecast that Microsoft will post 3.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.88%. Microsoft’s payout ratio is 56.76%.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now directly owns 185,278 shares in the company, valued at approximately $15,467,007.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 over the last quarter. 1.49% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. River Wealth Advisors LLC lifted its holdings in shares of Microsoft by 6.4% in the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock worth $1,732,000 after acquiring an additional 1,517 shares during the last quarter. Northeast Financial Consultants Inc lifted its holdings in shares of Microsoft by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after acquiring an additional 1,500 shares during the last quarter. One Capital Management LLC lifted its holdings in shares of Microsoft by 5.0% in the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock worth $3,906,000 after acquiring an additional 2,675 shares during the last quarter. JLB & Associates Inc. acquired a new position in shares of Microsoft in the 2nd quarter worth approximately $10,873,000. Finally, First National Bank Sioux Falls lifted its holdings in shares of Microsoft by 9.6% in the 2nd quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock worth $1,078,000 after acquiring an additional 1,365 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.
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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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