Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “outperform” rating reissued by research analysts at Cowen and Company in a research note issued on Friday. They presently have a $60.00 target price on the software giant’s stock. Cowen and Company’s price target points to a potential upside of 4.18% from the stock’s current price.
MSFT has been the subject of a number of other research reports. Vetr upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 price target for the company in a research note on Thursday, September 8th. Goldman Sachs Group Inc. set a $55.00 price objective on shares of Microsoft Corp. and gave the stock a “neutral” rating in a report on Wednesday, June 29th. Jefferies Group set a $40.00 price objective on shares of Microsoft Corp. and gave the stock a “sell” rating in a report on Tuesday. Citigroup Inc. lifted their price objective on shares of Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, July 7th. Finally, Macquarie reaffirmed a “neutral” rating and set a $54.00 price objective on shares of Microsoft Corp. in a report on Friday, September 23rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Microsoft Corp. presently has a consensus rating of “Buy” and a consensus target price of $59.41.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.35% during trading on Friday, reaching $57.60. 29,884,991 shares of the company were exchanged. The firm’s 50 day moving average price is $57.52 and its 200-day moving average price is $54.18. Microsoft Corp. has a one year low of $43.92 and a one year high of $58.70. The stock has a market capitalization of $448.85 billion, a price-to-earnings ratio of 27.43 and a beta of 1.08.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly 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 business earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same quarter in the previous year, the business posted $0.60 EPS. On average, equities research analysts predict that Microsoft Corp. will post $2.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, November 15th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio is 70.24%.
In other news, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total transaction of $139,850,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Mason Morfit sold 18,000,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $56.12, for a total value of $1,010,160,000.00. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Searle & CO. raised its stake in Microsoft Corp. by 3.0% in the first quarter. Searle & CO. now owns 33,696 shares of the software giant’s stock worth $1,872,000 after buying an additional 990 shares during the period. Webster Bank N. A. raised its stake in shares of Microsoft Corp. by 0.7% in the first quarter. Webster Bank N. A. now owns 122,634 shares of the software giant’s stock worth $6,773,000 after buying an additional 863 shares during the last quarter. Banced Corp raised its stake in shares of Microsoft Corp. by 135.9% in the first quarter. Banced Corp now owns 10,038 shares of the software giant’s stock worth $555,000 after buying an additional 5,783 shares during the last quarter. Capital Asset Advisory Services LLC raised its stake in shares of Microsoft Corp. by 5.6% in the first quarter. Capital Asset Advisory Services LLC now owns 4,928 shares of the software giant’s stock worth $272,000 after buying an additional 262 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Microsoft Corp. by 11.7% in the first quarter. Franklin Street Advisors Inc. NC now owns 186,396 shares of the software giant’s stock worth $10,295,000 after buying an additional 19,539 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.
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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