Microsoft Corp. (NASDAQ:MSFT) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $59.66 target price on the software giant’s stock. Vetr‘s price target points to a potential upside of 4.85% from the company’s current price.
Several other equities analysts have also issued reports on MSFT. Barclays PLC boosted their price target on shares of Microsoft Corp. from $54.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, June 1st. Royal Bank Of Canada boosted their price target on shares of Microsoft Corp. from $57.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, June 1st. Credit Agricole SA reissued an “outperform” rating and issued a $60.00 price target on shares of Microsoft Corp. in a report on Wednesday, June 1st. Nomura reissued a “buy” rating on shares of Microsoft Corp. in a report on Wednesday, June 8th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Microsoft Corp. in a report on Friday, June 10th. Three research 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. currently has an average rating of “Buy” and a consensus target price of $59.34.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.92% during midday trading on Monday, hitting $56.90. The stock had a trading volume of 21,688,720 shares. The stock’s 50-day moving average is $57.55 and its 200-day moving average is $54.09. The company has a market cap of $443.39 billion, a P/E ratio of 27.10 and a beta of 1.08. Microsoft Corp. has a one year low of $43.05 and a one year high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The company earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the business earned $0.60 EPS. Equities analysts predict that Microsoft Corp. will post $2.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors 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 yield of 2.74%. The ex-dividend date is Tuesday, November 15th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
In related news, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total transaction of $139,850,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider G Mason Morfit sold 18,000,000 shares of Microsoft Corp. stock in a transaction 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. Corporate insiders own 3.76% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MSFT. Iowa State Bank increased its position in shares of Microsoft Corp. by 1.7% in the first quarter. Iowa State Bank now owns 93,562 shares of the software giant’s stock worth $5,167,000 after buying an additional 1,541 shares in the last quarter. Burns J W & Co. Inc. NY boosted its stake in Microsoft Corp. by 1.0% in the first quarter. Burns J W & Co. Inc. NY now owns 189,492 shares of the software giant’s stock worth $10,466,000 after buying an additional 1,786 shares during the last quarter. River & Mercantile Asset Management LLP bought a new stake in Microsoft Corp. during the first quarter worth approximately $1,566,000. Alecta Pensionsforsakring Omsesidigt bought a new stake in Microsoft Corp. during the first quarter worth approximately $229,204,000. Finally, Eqis Capital Management Inc. boosted its stake in Microsoft Corp. by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 40,896 shares of the software giant’s stock worth $2,259,000 after buying an additional 6,831 shares during the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.
About Microsoft Corp.
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.
To view Vetr’s full report, visit Vetr’s official website.
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