Microsoft Corporation (NASDAQ:MSFT) – Research analysts at Oppenheimer Holdings boosted their FY2018 earnings per share (EPS) estimates for shares of Microsoft Corporation in a note issued to investors on Thursday. Oppenheimer Holdings analyst T. Horan now anticipates that the software giant will post earnings of $3.35 per share for the year, up from their prior forecast of $3.31. Oppenheimer Holdings currently has a “Buy” rating and a $80.00 price objective on the stock.
A number of other equities analysts also recently issued reports on MSFT. Vetr downgraded Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price target on the stock. in a research report on Tuesday. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Credit Suisse Group set a $84.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Evercore ISI reissued a “buy” rating and set a $80.00 price target on shares of Microsoft Corporation in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company’s stock. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $76.72.
Microsoft Corporation (NASDAQ MSFT) traded down 0.23% during mid-day trading on Monday, reaching $74.59. 8,025,311 shares of the company traded hands. The company’s 50 day moving average price is $73.08 and its 200 day moving average price is $69.29. The firm has a market capitalization of $574.51 billion, a P/E ratio of 27.52 and a beta of 1.00. Microsoft Corporation has a 12-month low of $55.98 and a 12-month high of $75.24.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSFT. Appropriate Balance Financial Services Inc. boosted its position in shares of Microsoft Corporation by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Microsoft Corporation by 300.0% during the 2nd 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 in the last quarter. Hefty Wealth Partners boosted its position in shares of Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares in the last quarter. Asset Planning Services Ltd. boosted its position in shares of Microsoft Corporation by 93.0% during the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after acquiring an additional 837 shares in the last quarter. Finally, Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation during the 1st quarter worth about $132,000. 73.47% of the stock is owned by hedge funds and other institutional investors.
In related news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 over the last three months. 2.99% of the stock is currently owned by insiders.
About Microsoft Corporation
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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