Microsoft Corporation (NASDAQ:MSFT) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, August 5th.
A number of other analysts have also recently weighed in on MSFT. Zacks Investment Research cut shares of Microsoft Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Piper Jaffray Companies restated an “overweight” rating and issued a $80.00 price target on shares of Microsoft Corporation in a report on Wednesday, April 19th. Pacific Crest restated a “buy” rating and issued a $70.00 price target on shares of Microsoft Corporation in a report on Thursday, April 20th. Morgan Stanley restated a “buy” rating and issued a $72.00 price target on shares of Microsoft Corporation in a report on Thursday, April 20th. Finally, Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $69.32 price target on the stock. in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.26.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.12% on Friday, reaching $72.49. 18,761,491 shares of the company’s stock traded hands. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The company has a market cap of $558.34 billion, a PE ratio of 26.75 and a beta of 1.01. The stock has a 50-day moving average price of $72.16 and a 200-day moving average price of $68.26.
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 analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same period last year, the business earned $0.69 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Corporation will post $3.21 EPS for the current fiscal year.
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In other news, insider Jean Philippe Courtois sold 26,165 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the transaction, the insider now owns 570,843 shares of the company’s stock, valued at approximately $39,388,167. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the transaction, the executive vice president now directly owns 214,080 shares in the company, valued at approximately $14,718,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,057,855 shares of company stock worth $512,044,578. Corporate insiders own 2.99% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. 3G Capital Partners LP raised its stake in shares of Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock valued at $99,955,000 after buying an additional 106,728 shares during the period. Tompkins Financial Corp raised its stake in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after buying an additional 18,225 shares during the period. Wealthfront Inc. raised its stake in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after buying an additional 31,364 shares during the period. AMF Pensionsforsakring AB raised its stake in shares of Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock valued at $408,862,000 after buying an additional 606,188 shares during the period. Finally, Dodge & Cox bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $2,658,504,000. Hedge funds and other institutional investors own 72.64% of the company’s stock.
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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