Microsoft (MSFT) Earns “Outperform” Rating from Wells Fargo & Co

Wells Fargo & Co reiterated their outperform rating on shares of Microsoft (NASDAQ:MSFT) in a report published on Friday morning, Marketbeat reports. They currently have a $100.00 target price on the software giant’s stock, up from their prior target price of $90.00.

Other analysts also recently issued reports about the company. KeyCorp reiterated a buy rating and set a $94.00 target price on shares of Microsoft in a research report on Friday, October 27th. Stifel Nicolaus boosted their target price on Microsoft from $80.00 to $85.00 and gave the stock a buy rating in a research report on Tuesday, October 24th. Goldman Sachs Group set a $88.00 target price on Microsoft and gave the stock a buy rating in a research report on Thursday, October 19th. Royal Bank of Canada set a $85.00 target price on Microsoft and gave the stock a buy rating in a research report on Wednesday, October 18th. Finally, Oppenheimer set a $80.00 target price on Microsoft and gave the stock a buy rating in a research report on Monday, September 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $86.97.

Microsoft (NASDAQ:MSFT) traded up $1.50 on Friday, reaching $89.58. 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 cap of $691,070.00, a PE ratio of 30.26, a P/E/G ratio of 2.09 and a beta of 0.99. Microsoft has a twelve month low of $62.03 and a twelve month high of $89.78.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. Microsoft’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. analysts forecast that Microsoft will post 3.39 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.88%. Microsoft’s payout ratio is currently 56.76%.

In related news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the completion of the transaction, the executive vice president now directly owns 184,278 shares in the company, valued at $15,376,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were 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 of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $3,759,420 over the last quarter. Insiders own 1.49% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its stake in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the last quarter. Hefty Wealth Partners increased its stake in Microsoft by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares during the last quarter. Stelac Advisory Services LLC increased its stake in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the last quarter. Pacific Center for Financial Services increased its stake in Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its stake in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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About Microsoft

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 (NASDAQ:MSFT)

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