BMO Capital Markets reaffirmed their outperform rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research note issued to investors on Sunday, July 16th, Marketbeat.com reports. The brokerage currently has a $86.00 price objective on the software giant’s stock, up from their previous price objective of $75.00.
Other equities research analysts have also issued reports about the company. Credit Suisse Group assumed coverage on Microsoft Corporation in a research report on Thursday, April 27th. They issued an outperform rating and a $80.00 price target for the company. BidaskClub lowered Microsoft Corporation from a buy rating to a hold rating in a research report on Saturday, June 10th. Piper Jaffray Companies reiterated an overweight rating and issued a $80.00 price objective on shares of Microsoft Corporation in a research report on Wednesday, April 19th. Vetr lowered Microsoft Corporation from a buy rating to a hold rating and set a $71.27 price target for the company. in a research report on Tuesday, May 23rd. Finally, Cleveland Research assumed coverage on Microsoft Corporation in a research report on Thursday, June 22nd. They set a buy rating and a $80.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $75.80.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 74.19 on Friday. The stock has a market cap of $571.86 billion, a price-to-earnings ratio of 27.38 and a beta of 1.00. The firm has a 50-day moving average price of $70.93 and a 200 day moving average price of $67.04. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.31.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. On average, analysts forecast that Microsoft Corporation will post $3.25 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.10%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
In other Microsoft Corporation news, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $68.85, for a total transaction of $481,950,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,060,786 shares of company stock worth $831,893,332. 2.99% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hefty Wealth Partners boosted its position in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the period. Asset Planning Services Ltd. boosted its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the period. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation during the first quarter valued at approximately $132,000. Pacific Center for Financial Services purchased a new position in Microsoft Corporation during the fourth quarter valued at approximately $155,000. Finally, Welch Investments LLC purchased a new position in Microsoft Corporation during the fourth quarter valued at approximately $160,000. Hedge funds and other institutional investors own 72.74% of the company’s stock.
Microsoft Corporation Company Profile
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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