Microsoft Co. (NASDAQ:MSFT)‘s stock had its “strong-buy” rating reiterated by research analysts at Raymond James Financial, Inc. in a report issued on Friday.
A number of other brokerages also recently weighed in on MSFT. Wells Fargo & Co initiated coverage on shares of Microsoft in a research report on Wednesday, January 11th. They set an “outperform” rating for the company. Goldman Sachs Group Inc reaffirmed a “buy” rating and set a $72.00 price objective (up previously from $68.00) on shares of Microsoft in a research report on Friday, January 27th. Royal Bank of Canada boosted their price objective on shares of Microsoft from $65.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Microsoft in a research report on Thursday, March 16th. Finally, Atlantic Securities raised shares of Microsoft from an “underweight” rating to a “neutral” rating in a research report on Tuesday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $67.28.
Shares of Microsoft (NASDAQ:MSFT) opened at 64.93 on Friday. The stock’s 50 day moving average is $64.39 and its 200-day moving average is $61.08. The firm has a market capitalization of $501.75 billion, a P/E ratio of 30.56 and a beta of 1.08. Microsoft has a 52-week low of $48.03 and a 52-week high of $65.91.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, January 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. The business earned $26.07 billion during the quarter, compared to the consensus estimate of $25.13 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts forecast that Microsoft will post $2.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, May 16th. Microsoft’s dividend payout ratio is currently 73.59%.
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In other news, insider G Mason Morfit sold 11,000,000 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $63.32, for a total value of $696,520,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frank H. Brod sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $65.35, for a total transaction of $490,125.00. Following the completion of the sale, the insider now directly owns 114,008 shares of the company’s stock, valued at $7,450,422.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,623,500 shares of company stock valued at $1,253,600,525. Company insiders own 2.99% of the company’s stock.
Several hedge funds have recently modified their holdings of MSFT. Peddock Capital Advisors LLC bought a new stake in shares of Microsoft during the third quarter worth $130,000. Pacific Center for Financial Services bought a new stake in shares of Microsoft during the fourth quarter worth $155,000. Welch Investments LLC bought a new stake in shares of Microsoft during the fourth quarter worth $160,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Microsoft during the fourth quarter worth $161,000. Finally, JJJ Advisors Inc. bought a new stake in shares of Microsoft during the fourth quarter worth $186,000. 72.29% of the stock is owned by institutional investors.
Microsoft Company Profile
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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