Deutsche Bank AG reiterated their buy rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research report report published on Wednesday. The brokerage currently has a $65.00 price objective on the software giant’s stock.
Other research analysts have also issued reports about the company. Jefferies Group set a $40.00 price target on Microsoft Corp. and gave the stock a sell rating in a research report on Tuesday. Vetr upgraded Microsoft Corp. from a hold rating to a buy rating and set a $59.66 price target on the stock in a research report on Monday. Macquarie restated a neutral rating and issued a $54.00 price target on shares of Microsoft Corp. in a research report on Friday, September 23rd. Pacific Crest restated a buy rating and issued a $65.00 price target on shares of Microsoft Corp. in a research report on Tuesday, September 13th. Finally, Nomura restated a buy rating and issued a $65.00 price target on shares of Microsoft Corp. in a research report on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $59.34.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 58.03 on Wednesday. Microsoft Corp. has a one year low of $43.75 and a one year high of $58.70. The stock has a market capitalization of $452.20 billion, a P/E ratio of 27.63 and a beta of 1.08. The stock’s 50 day moving average price is $57.54 and its 200 day moving average price is $54.15.
Microsoft Corp. (NASDAQ:MSFT) last released its earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The company earned $22.60 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same period last year, the firm earned $0.60 EPS. On average, analysts forecast that Microsoft Corp. will post $2.90 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.69%. Microsoft Corp.’s payout ratio is currently 70.24%.
In other Microsoft Corp. news, Director William H. Gates III sold 2,500,000 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 143,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the completion of the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Invictus RG bought a new position in shares of Microsoft Corp. during the first quarter valued at about $107,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares in the last quarter. Roble Belko & Company Inc boosted its position in shares of Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock valued at $130,000 after buying an additional 210 shares in the last quarter. Lowe fs LLC boosted its position in shares of Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock valued at $164,000 after buying an additional 44 shares in the last quarter. Finally, Northstar Group Inc. boosted its position in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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