BMO Capital Markets reissued their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research report report published on Friday. The firm currently has a $86.00 price target on the software giant’s stock.
Several other analysts also recently weighed in on the stock. Credit Suisse Group initiated coverage on shares of Microsoft Corporation in a report on Thursday, April 27th. They issued an outperform rating and a $80.00 target price for the company. BidaskClub downgraded shares of Microsoft Corporation from a buy rating to a hold rating in a report on Saturday, June 10th. Barclays PLC reiterated an overweight rating and issued a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Raymond James Financial, Inc. lifted their target price on shares of Microsoft Corporation to $84.00 and gave the company a buy rating in a report on Friday, July 21st. Finally, MKM Partners reiterated a neutral rating and issued a $70.00 target price (up previously from $66.00) on shares of Microsoft Corporation in a report on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-nine have given a buy rating to the company. Microsoft Corporation presently has an average rating of Buy and a consensus target price of $76.54.
Shares of Microsoft Corporation (MSFT) opened at 72.83 on Friday. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42. The stock has a market capitalization of $560.95 billion, a PE ratio of 26.87 and a beta of 1.01. The company’s 50-day moving average price is $72.63 and its 200 day moving average price is $68.58.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. Analysts anticipate that Microsoft Corporation will post $3.21 EPS for the current year.
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The company 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. This represents a $1.56 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.
In related news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. Corporate insiders own 2.99% of the company’s stock.
Several institutional investors have recently made changes to their positions in MSFT. Norges Bank purchased a new position in shares of Microsoft Corporation during the fourth quarter valued at about $4,334,099,000. Capital Research Global Investors raised its position in shares of Microsoft Corporation by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after buying an additional 47,353,245 shares during the period. Dodge & Cox bought a new position in shares of Microsoft Corporation during the fourth quarter valued at approximately $2,658,504,000. Janus Henderson Group PLC raised its position in shares of Microsoft Corporation by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after buying an additional 42,243,011 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Microsoft Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.
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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