Canaccord Genuity reiterated their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research note released on Friday, October 27th, Marketbeat.com reports. They currently have a $94.00 price objective on the software giant’s stock, up from their previous price objective of $86.00.
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. Morgan Stanley reaffirmed an overweight rating and issued a $80.00 price target on shares of Microsoft Corporation in a research report on Thursday, July 13th. Stifel Nicolaus reaffirmed a buy rating and issued a $73.00 price target on shares of Microsoft Corporation in a research report on Sunday, July 9th. Barclays PLC reaffirmed an overweight rating and issued a $89.00 price target (up previously from $82.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Finally, Cowen and Company reaffirmed an outperform rating and issued a $80.00 price target (up previously from $78.00) on shares of Microsoft Corporation in a research report on Saturday, July 22nd. 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. The business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. Microsoft Corporation’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. 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, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were 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 of the company’s stock, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,763 shares of company stock valued at $7,574,552. Corporate insiders own 1.49% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 25,053,413 shares in the last quarter. State Street Corp grew its holdings in shares of 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 acquiring an additional 2,552,473 shares in 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 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.
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