Wells Fargo & Company set a $82.50 price objective on Microsoft Corporation (NASDAQ:MSFT) in a report published on Friday, July 21st. The firm currently has a buy rating on the software giant’s stock.
A number of other analysts have also weighed in on MSFT. Deutsche Bank AG restated a buy rating and set a $75.00 price objective on shares of Microsoft Corporation in a research note on Thursday, April 6th. Zacks Investment Research lowered shares of Microsoft Corporation from a hold rating to a sell rating in a research note on Tuesday, April 11th. Piper Jaffray Companies reaffirmed an overweight rating and set a $80.00 price target on shares of Microsoft Corporation in a report on Wednesday, April 19th. Pacific Crest reissued a buy rating and issued a $70.00 price objective on shares of Microsoft Corporation in a report on Thursday, April 20th. Finally, Morgan Stanley reaffirmed a buy rating and set a $72.00 price target on shares of Microsoft Corporation in a report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $76.26.
Microsoft Corporation (MSFT) opened at 72.49 on Friday. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The company’s 50-day moving average is $72.16 and its 200 day moving average is $68.26. The stock has a market capitalization of $558.34 billion, a PE ratio of 26.75 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data 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. The business had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. On average, equities research analysts expect that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is presently 57.78%.
In related news, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,057,855 shares of company stock valued at $512,044,578. 2.99% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the company. Amtrust Financial Services Inc. acquired a new stake in Microsoft Corporation during the fourth quarter valued at $2,672,000. CWA Asset Management Group LLC raised its position in Microsoft Corporation by 51.0% in the fourth quarter. CWA Asset Management Group LLC now owns 48,472 shares of the software giant’s stock valued at $3,012,000 after buying an additional 16,371 shares during the period. Hunter Associates Investment Management LLC raised its position in Microsoft Corporation by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 137,889 shares of the software giant’s stock valued at $8,568,000 after buying an additional 409 shares during the period. Capital Analysts LLC raised its position in Microsoft Corporation by 2.9% in the fourth quarter. Capital Analysts LLC now owns 51,675 shares of the software giant’s stock valued at $3,211,000 after buying an additional 1,480 shares during the period. Finally, FMR LLC raised its position in Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock valued at $11,020,210,000 after buying an additional 17,606,133 shares during the period. 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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