BMO Capital Markets reissued their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a report issued on Friday, August 25th. BMO Capital Markets currently has a $86.00 target price on the software giant’s stock.
Other analysts have also issued reports about the company. Sanford C. Bernstein reiterated a buy rating and set a $81.00 price target on shares of Microsoft Corporation in a report on Friday, April 28th. Morningstar, Inc. reiterated a buy rating on shares of Microsoft Corporation in a report on Friday, April 28th. Goldman Sachs Group, Inc. (The) lifted their price target on Microsoft Corporation from $72.00 to $78.00 and gave the stock a buy rating in a report on Friday, April 28th. Pacific Crest reiterated a buy rating and set a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Finally, Vetr upgraded Microsoft Corporation from a hold rating to a buy rating and set a $71.81 price target on the stock in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $76.80.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 73.98 on Friday. The firm has a market cap of $569.81 billion, a P/E ratio of 27.30 and a beta of 1.00. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.96. The stock’s 50 day moving average is $73.10 and its 200-day moving average is $69.19.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter last year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate that Microsoft Corporation will post $3.22 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.11%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
In other news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock valued at $515,879,974 over the last 90 days. 2.99% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Northstar Group Inc. increased its stake in Microsoft Corporation by 0.3% in the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock worth $248,000 after buying an additional 12 shares in the last quarter. Gierl Augustine Investment Management Inc increased its stake in Microsoft Corporation by 0.3% in the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after buying an additional 13 shares in the last quarter. New Capital Management LP increased its stake in Microsoft Corporation by 0.5% in the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after buying an additional 22 shares in the last quarter. Nottingham Advisors Inc. increased its stake in Microsoft Corporation by 0.4% in the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after buying an additional 22 shares in the last quarter. Finally, American Economic Planning Group Inc. ADV increased its stake in Microsoft Corporation by 0.5% in the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.
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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