Goldman Sachs Group, Inc. (The) set a $92.00 price target on Microsoft Corporation (NASDAQ:MSFT) in a report published on Thursday morning. The brokerage currently has a buy rating on the software giant’s stock.
Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company set a $82.50 price target on shares of Microsoft Corporation and gave the stock a buy rating in a research note on Friday, July 21st. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the stock a buy rating in a research note on Friday, July 21st. UBS AG reaffirmed a buy rating and set a $82.00 price target (up from $73.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Raymond James Financial, Inc. raised their price target on shares of Microsoft Corporation to $84.00 and gave the stock a buy rating in a research note on Friday, July 21st. Finally, Deutsche Bank AG reaffirmed a buy rating and set a $85.00 price target (up from $80.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $84.21.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up $0.05 on Thursday, hitting $82.45. 1,998,690 shares of the stock traded hands, compared to its average volume of 22,419,438. The company has a market cap of $635,680.00, a PE ratio of 24.38, a P/E/G ratio of 1.92 and a beta of 1.01. Microsoft Corporation has a one year low of $58.80 and a one year high of $86.20. 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 (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. equities research analysts forecast that Microsoft Corporation will post 3.38 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s payout ratio is 56.76%.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was 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 537,519 shares in the company, valued at $39,776,406. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were 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 in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,763 shares of company stock worth $7,908,472. Company insiders own 1.49% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Truepoint Inc. boosted its holdings in Microsoft Corporation by 6,479.9% in the third quarter. Truepoint Inc. now owns 338,205 shares of the software giant’s stock valued at $338,000 after acquiring an additional 333,065 shares during the last quarter. Garde Capital Inc. boosted its holdings in Microsoft Corporation by 42.4% in the third quarter. Garde Capital Inc. now owns 76,859 shares of the software giant’s stock valued at $5,725,000 after acquiring an additional 22,884 shares during the last quarter. WealthTrust Fairport LLC boosted its holdings in Microsoft Corporation by 0.7% in the third quarter. WealthTrust Fairport LLC now owns 128,259 shares of the software giant’s stock valued at $9,554,000 after acquiring an additional 831 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Microsoft Corporation by 16.9% in the third quarter. Moors & Cabot Inc. now owns 136,915 shares of the software giant’s stock valued at $10,180,000 after acquiring an additional 19,834 shares during the last quarter. Finally, Cypress Capital Group boosted its holdings in Microsoft Corporation by 5.8% in the third quarter. Cypress Capital Group now owns 81,255 shares of the software giant’s stock valued at $6,053,000 after acquiring an additional 4,440 shares during the last quarter. Institutional investors and hedge funds own 73.14% 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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