Credit Agricole SA restated their outperform rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a report issued on Wednesday. The brokerage currently has a $60.00 target price on the software giant’s stock.
MSFT has been the topic of several other reports. Cowen and Company restated an outperform rating and set a $60.00 target price on shares of Microsoft Corp. in a research report on Friday, September 30th. Vetr upgraded shares of Microsoft Corp. from a hold rating to a buy rating and set a $59.88 target price on the stock in a research report on Thursday, September 8th. Goldman Sachs Group Inc. set a $55.00 target price on shares of Microsoft Corp. and gave the stock a neutral rating in a research report on Wednesday, June 29th. Jefferies Group set a $40.00 target price on shares of Microsoft Corp. and gave the stock a sell rating in a research report on Tuesday, September 27th. Finally, Citigroup Inc. boosted their target price on shares of Microsoft Corp. from $36.00 to $37.00 and gave the stock a sell rating in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $59.41.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.33% during mid-day trading on Wednesday, reaching $57.83. 7,321,656 shares of the company were exchanged. The stock has a 50 day moving average price of $57.47 and a 200-day moving average price of $54.28. Microsoft Corp. has a 12 month low of $46.50 and a 12 month high of $58.70. The stock has a market capitalization of $450.64 billion, a P/E ratio of 27.54 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the consensus estimate of $0.58 by $0.11. The company had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same period in the previous year, the firm earned $0.60 EPS. Analysts predict that Microsoft Corp. will post $2.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.71%. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
In other news, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the transaction, the chief executive officer now directly owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Berkshire Asset Management LLC PA raised its position in shares of Microsoft Corp. by 0.7% in the first quarter. Berkshire Asset Management LLC PA now owns 317,856 shares of the software giant’s stock worth $17,555,000 after buying an additional 2,213 shares during the period. Eastern Bank raised its position in shares of Microsoft Corp. by 4.8% in the first quarter. Eastern Bank now owns 164,861 shares of the software giant’s stock worth $9,106,000 after buying an additional 7,539 shares during the period. Eagle Capital Management LLC raised its position in shares of Microsoft Corp. by 1.0% in the first quarter. Eagle Capital Management LLC now owns 72,481 shares of the software giant’s stock worth $4,003,000 after buying an additional 753 shares during the period. Sit Investment Associates Inc. raised its position in shares of Microsoft Corp. by 6.8% in the first quarter. Sit Investment Associates Inc. now owns 2,300,535 shares of the software giant’s stock worth $127,059,000 after buying an additional 147,155 shares during the period. Finally, Osborn Rohs Williams & Donohoe Ltd raised its position in shares of Microsoft Corp. by 2.6% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 155,966 shares of the software giant’s stock worth $8,614,000 after buying an additional 3,929 shares during the period. 71.58% of the stock is currently owned by institutional investors.
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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