Microsoft Corporation (NASDAQ:MSFT) Price Target Increased to $94.00 by Analysts at BMO Capital Markets

Microsoft Corporation (NASDAQ:MSFT) had its price objective raised by BMO Capital Markets from $86.00 to $94.00 in a research note released on Friday, October 27th, Marketbeat.com reports. They currently have an outperform rating on the software giant’s stock.

MSFT has been the subject of a number of other research reports. ValuEngine raised Microsoft Corporation from a hold rating to a buy rating in a research report on Wednesday, September 6th. Canaccord Genuity reissued a buy rating and set a $94.00 price objective (up previously from $86.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Morgan Stanley reissued an overweight rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Thursday, July 13th. Stifel Nicolaus reissued a buy rating and set a $73.00 price objective on shares of Microsoft Corporation in a research report on Sunday, July 9th. Finally, Barclays PLC reissued an overweight rating and set a $89.00 price objective (up previously from $82.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of Buy and a consensus price target of $83.86.

Microsoft Corporation (NASDAQ MSFT) opened at $84.05 on Friday. Microsoft Corporation has a twelve month low of $58.31 and a twelve month high of $86.20. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $647,485.56, a price-to-earnings ratio of 24.83, a PEG ratio of 1.96 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. Microsoft Corporation’s revenue for the quarter was up 11.7% compared to the same quarter last year. analysts expect that Microsoft Corporation will post 3.37 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is 53.06%.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Insiders sold a total of 100,763 shares of company stock valued at $7,574,552 in the last 90 days. 1.49% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Microsoft Corporation by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares during the last quarter. State Street Corp lifted its stake in Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Capital Research Global Investors lifted its stake in Microsoft Corporation by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Microsoft Corporation by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Microsoft Corporation by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock valued at $2,864,881,000 after purchasing an additional 774,549 shares during the last quarter. Institutional investors and hedge funds own 73.37% 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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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