Microsoft Corporation (NASDAQ:MSFT) has been assigned an average rating of “Buy” from the forty-two research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and thirty have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $76.79.
A number of equities research analysts have commented on the company. Sanford C. Bernstein set a $87.00 target price on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Vetr downgraded Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Monday. BidaskClub raised Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Credit Suisse Group set a $84.00 target price on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. 3G Capital Partners LP raised its position in shares of Microsoft Corporation by 7.1% during the 4th quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock valued at $99,955,000 after acquiring an additional 106,728 shares in the last quarter. Tompkins Financial Corp raised its position in shares of Microsoft Corporation by 21.1% during the 1st quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after acquiring an additional 18,225 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Microsoft Corporation by 7.3% during the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after acquiring an additional 530,893 shares in the last quarter. Wealthfront Inc. raised its position in shares of Microsoft Corporation by 15.8% during the 4th quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after acquiring an additional 31,364 shares in the last quarter. Finally, Dodge & Cox acquired a new stake in shares of Microsoft Corporation during the 4th quarter valued at approximately $2,658,504,000. 73.40% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corporation (MSFT) traded up 0.0133% during trading on Friday, hitting $74.2199. 8,916,341 shares of the company traded hands. The firm has a market cap of $571.66 billion, a price-to-earnings ratio of 27.3874 and a beta of 1.00. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.97. The company’s 50-day moving average is $73.41 and its 200 day moving average is $69.80. Microsoft Corporation also saw some unusual options trading on Wednesday. Stock traders bought 29,563 put options on the company. This is an increase of approximately 118% compared to the typical volume of 13,565 put options.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter last year, the company earned $0.69 earnings per share. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Corporation will post $3.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.26%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
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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