Morgan Stanley Reiterates “$100.00” Price Target for Microsoft (MSFT)
A number of other equities research analysts have also recently weighed in on the stock. Credit Suisse Group reiterated an outperform rating and set a $115.00 price target (up from $95.00) on shares of Microsoft in a research report on Thursday. Vetr lowered shares of Microsoft from a buy rating to a hold rating and set a $93.54 price objective for the company. in a research note on Wednesday. Zacks Investment Research raised shares of Microsoft from a hold rating to a buy rating and set a $99.00 price objective for the company in a research note on Wednesday. Wells Fargo & Co reissued an outperform rating and issued a $100.00 price objective (up previously from $90.00) on shares of Microsoft in a research note on Friday, January 12th. Finally, Barclays set a $95.00 price objective on shares of Microsoft and gave the company an overweight rating in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have assigned a buy rating to the company. Microsoft has an average rating of Buy and a consensus target price of $88.32.
Shares of Microsoft (NASDAQ:MSFT) traded down $0.10 on Thursday, hitting $90.00. 36,880,000 shares of the company’s stock were exchanged, compared to its average volume of 23,030,000. Microsoft has a 1-year low of $62.37 and a 1-year high of $90.79. The firm has a market capitalization of $694,310.00, a PE ratio of 30.41, a PEG ratio of 2.11 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.87%. Microsoft’s dividend payout ratio is currently 56.76%.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares in the company, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $3,759,420 in the last quarter. 1.49% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Capital Research Global Investors increased its holdings in shares of Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares during the period. Vanguard Group Inc. increased its holdings in shares of Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares during the period. Tiger Global Management LLC increased its holdings in shares of Microsoft by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after acquiring an additional 8,369,500 shares during the period. Finally, Polen Capital Management LLC acquired a new position in shares of Microsoft in the 3rd quarter valued at $527,480,000. 73.19% of the stock is currently owned by institutional investors.
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Microsoft 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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