Vetr upgraded shares of Microsoft (NASDAQ:MSFT) from a buy rating to a strong-buy rating in a research report released on Monday, December 4th. Vetr currently has $94.25 price target on the software giant’s stock.
Other research analysts have also issued reports about the company. Credit Suisse Group set a $84.00 price objective on Microsoft and gave the company a buy rating in a research report on Friday, August 11th. BidaskClub upgraded Microsoft from a hold rating to a buy rating in a research note on Wednesday, August 16th. Morgan Stanley set a $88.00 target price on Microsoft and gave the company a buy rating in a research note on Friday, October 27th. Tigress Financial restated a buy rating on shares of Microsoft in a research note on Tuesday, November 7th. Finally, Royal Bank of Canada restated a buy rating on shares of Microsoft in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $85.87.
Microsoft (NASDAQ MSFT) traded down $0.18 during trading hours on Monday, reaching $85.54. The company’s stock had a trading volume of 18,546,780 shares, compared to its average volume of 22,374,268. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft has a one year low of $61.95 and a one year high of $87.50. The stock has a market capitalization of $661,294.69, a price-to-earnings ratio of 29.10, a PEG ratio of 2.00 and a beta of 0.99.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.96%. Microsoft’s payout ratio is currently 57.14%.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction that occurred on 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 directly owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MSFT. Capital Research Global Investors raised its holdings in Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. raised its holdings in Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC raised its holdings in Microsoft by 395.2% during the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after purchasing an additional 8,369,500 shares in the last quarter. Finally, Polen Capital Management LLC bought a new stake in Microsoft during the third quarter worth approximately $527,480,000. 73.16% of the stock is currently owned by institutional investors.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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