The Microsoft Corp. (MSFT) Rating Increased to Buy at Vetr Inc.

The Microsoft Corp. (MSFT) Rating Increased to Buy at Vetr Inc.

Microsoft Corp. (NASDAQ:MSFT) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $63.27 target price on the software giant’s stock. Vetr‘s price objective points to a potential upside of 4.53% from the company’s current price.

MSFT has been the subject of a number of other research reports. Jefferies Group set a $40.00 price target on shares of Microsoft Corp. and gave the company a “sell” rating in a report on Tuesday, September 27th. Pacific Crest reaffirmed a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a report on Tuesday, September 13th. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Microsoft Corp. in a report on Friday, September 30th. Nomura reaffirmed a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a report on Thursday, October 13th. Finally, Macquarie set a $60.00 price target on shares of Microsoft Corp. and gave the company a “neutral” rating in a report on Friday, October 21st. Three research 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 a consensus rating of “Buy” and an average target price of $62.26.

Microsoft Corp. (NASDAQ:MSFT) opened at 60.53 on Thursday. The company’s 50-day moving average price is $59.22 and its 200-day moving average price is $55.75. Microsoft Corp. has a one year low of $48.03 and a one year high of $61.37. The stock has a market cap of $470.64 billion, a P/E ratio of 28.99 and a beta of 1.16.

Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. Microsoft Corp. had a net margin of 19.40% and a return on equity of 30.92%. The business earned $22.30 billion during the quarter, compared to the consensus estimate of $21.71 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue was up 3.1% on a year-over-year basis. Analysts forecast that Microsoft Corp. will post $2.97 EPS for the current fiscal year.

The firm also recently disclosed 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 represents a $1.56 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, November 15th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio is currently 75.00%.

In other Microsoft Corp. news, Director William H. Gates III sold 2,700,000 shares of the business’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $60.99, for a total value of $164,673,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $60.53, for a total transaction of $302,650.00. Following the completion of the transaction, the insider now owns 121,508 shares in the company, valued at $7,354,879.24. The disclosure for this sale can be found here. Corporate insiders own 2.99% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MSFT. First Heartland Consultants Inc. raised its position in Microsoft Corp. by 0.3% in the third quarter. First Heartland Consultants Inc. now owns 23,663 shares of the software giant’s stock valued at $1,363,000 after buying an additional 79 shares during the last quarter. Accident Compensation Corp purchased a new position in Microsoft Corp. during the third quarter valued at $1,953,000. RWC Asset Management LLP raised its position in Microsoft Corp. by 3.5% in the third quarter. RWC Asset Management LLP now owns 1,156,452 shares of the software giant’s stock valued at $66,612,000 after buying an additional 38,875 shares during the last quarter. HighPoint Advisor Group LLC raised its position in Microsoft Corp. by 2.4% in the third quarter. HighPoint Advisor Group LLC now owns 70,552 shares of the software giant’s stock valued at $4,278,000 after buying an additional 1,674 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its position in Microsoft Corp. by 13.2% in the third quarter. ETRADE Capital Management LLC now owns 153,684 shares of the software giant’s stock valued at $8,852,000 after buying an additional 17,879 shares during the last quarter. Institutional investors own 71.64% of the company’s stock.

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.

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