Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “buy” rating reissued by Nomura in a research report issued on Thursday. They presently have a $65.00 price target on the software giant’s stock. Nomura’s target price points to a potential upside of 14.20% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. BMO Capital Markets restated a “buy” rating and issued a $57.00 price objective on shares of Microsoft Corp. in a research report on Sunday, July 17th. Deutsche Bank AG restated a “buy” rating and issued a $65.00 price objective on shares of Microsoft Corp. in a research report on Wednesday, June 15th. Vetr upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 price objective on the stock in a research report on Thursday, September 8th. Citigroup Inc. upped their price objective on Microsoft Corp. from $37.00 to $40.00 and gave the stock a “sell” rating in a research report on Wednesday, July 20th. Finally, Canaccord Genuity restated a “hold” rating and issued a $55.00 price objective on shares of Microsoft Corp. in a research report on Wednesday, June 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $59.55.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.33% on Thursday, hitting $56.92. 25,313,748 shares of the stock were exchanged. The company has a 50-day moving average price of $57.42 and a 200 day moving average price of $54.43. The company has a market cap of $443.55 billion, a PE ratio of 27.10 and a beta of 1.09. Microsoft Corp. has a 12 month low of $46.90 and a 12 month high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. The firm had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Equities analysts forecast that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, November 15th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is 70.24%.
In related news, CEO Satya Nadella sold 143,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Mason Morfit sold 18,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invictus RG bought a new position in Microsoft Corp. during the first quarter valued at $107,000. Riggs Asset Managment Co. Inc. boosted its position in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares during the period. Roble Belko & Company Inc boosted its position in Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock valued at $130,000 after buying an additional 210 shares during the period. Lowe fs LLC boosted its position in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock valued at $164,000 after buying an additional 44 shares during the period. Finally, Northstar Group Inc. boosted its position in Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 71.58% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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