Microsoft Corp. (NASDAQ:MSFT) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They presently have a $62.42 target price on the software giant’s stock. Vetr‘s target price suggests a potential upside of 3.12% from the stock’s current price.
Several other equities analysts have also weighed in on MSFT. Nomura reissued a “buy” rating on shares of Microsoft Corp. in a research note on Sunday, July 17th. BMO Capital Markets reissued a “buy” rating and issued a $57.00 target price on shares of Microsoft Corp. in a research note on Sunday, July 17th. RBC Capital Markets set a $65.00 target price on Microsoft Corp. and gave the company a “buy” rating in a research note on Friday, October 21st. Bank of America Corp. reissued a “buy” rating and issued a $68.00 target price (up previously from $65.00) on shares of Microsoft Corp. in a research note on Sunday, October 23rd. Finally, Citigroup Inc. increased their target price on Microsoft Corp. from $37.00 to $40.00 and gave the company a “sell” rating in a research note on Wednesday, July 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.26.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.22% during midday trading on Monday, hitting $60.53. The stock had a trading volume of 8,409,616 shares. The company has a market capitalization of $470.64 billion, a PE ratio of 28.99 and a beta of 1.16. The firm’s 50-day moving average is $59.22 and its 200 day moving average is $55.75. Microsoft Corp. has a one year low of $48.04 and a one year high of $61.37.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.08. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The business had revenue of $22.30 billion for the quarter, compared to analyst estimates of $21.71 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts expect that Microsoft Corp. will post $2.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.39 per share. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is 75.00%.
In related news, insider Frank H. Brod sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $60.53, for a total transaction of $302,650.00. Following the transaction, the insider now directly owns 121,508 shares of the company’s stock, valued at approximately $7,354,879.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 18,583 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $58.58, for a total value of $1,088,592.14. Following the transaction, the executive vice president now directly owns 243,306 shares in the company, valued at $14,252,865.48. The disclosure for this sale can be found here. Corporate insiders own 2.99% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invictus RG bought a new stake in shares of Microsoft Corp. during the first quarter worth approximately $107,000. Peddock Capital Advisors LLC bought a new stake in shares of Microsoft Corp. during the third quarter worth approximately $130,000. Riggs Asset Managment Co. Inc. raised its stake in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares in the last quarter. Roble Belko & Company Inc raised its stake in shares of Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares in the last quarter. Finally, Lowe fs LLC raised its stake in shares of Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares in the last quarter. 71.64% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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.