Microsoft (NASDAQ:MSFT) had its target price hoisted by BMO Capital Markets from $147.00 to $153.00 in a research report released on Tuesday, BenzingaRatingsTable reports. They currently have an outperform rating on the software giant’s stock.
MSFT has been the subject of a number of other research reports. Credit Suisse Group set a $5.00 price objective on shares of Maxar Technologies and gave the stock a sell rating in a report on Monday. Nomura lifted their price objective on shares of Visa from $175.00 to $178.00 and gave the stock a buy rating in a report on Thursday, April 25th. Argus lifted their price objective on shares of Microsoft to $145.00 and gave the stock a buy rating in a report on Monday, April 29th. Raymond James downgraded shares of Consolidated Communications to a market perform rating in a report on Thursday, April 25th. Finally, KeyCorp reiterated a buy rating and issued a $143.00 target price on shares of Microsoft in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of Buy and a consensus price target of $145.16.
Microsoft stock traded up $2.09 during mid-day trading on Tuesday, reaching $138.51. The company’s stock had a trading volume of 20,042,846 shares, compared to its average volume of 21,271,800. The company has a market capitalization of $1,044.21 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21. The firm’s 50 day moving average is $133.48. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70. Microsoft has a twelve month low of $93.96 and a twelve month high of $139.54.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. The firm had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. As a group, research analysts expect that Microsoft will post 4.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is currently 47.42%.
In related news, EVP Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $128.87, for a total transaction of $386,610.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Bradford L. Smith sold 192,300 shares of Microsoft stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $130.34, for a total transaction of $25,064,382.00. Following the sale, the president now owns 754,442 shares in the company, valued at $98,333,970.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,247 shares of company stock worth $28,204,754. Company insiders own 1.38% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Highwater Wealth Management LLC bought a new stake in Microsoft in the fourth quarter worth about $27,000. Quantamental Technologies LLC bought a new stake in Microsoft in the fourth quarter worth about $26,000. Mackey Komara & Dankovich LLC bought a new stake in Microsoft in the fourth quarter worth about $30,000. Ayalon Holdings Ltd. bought a new stake in Microsoft in the fourth quarter worth about $41,000. Finally, Contravisory Investment Management Inc. raised its position in Microsoft by 113.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock worth $55,000 after acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds own 72.05% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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