The BGC Financial Raises Microsoft Corporation (MSFT) Price Target to $65.00

The BGC Financial Raises Microsoft Corporation (MSFT) Price Target to $65.00

Microsoft Corporation (NASDAQ:MSFT) had its price target raised by BGC Financial to $65.00 in a report released on Wednesday. BGC Financial currently has a neutral rating on the software giant’s stock.

Other equities analysts have also issued research reports about the company. BMO Capital Markets upped their price objective on Microsoft Corporation from $62.00 to $69.00 and gave the stock an outperform rating in a research note on Friday, October 21st. Vetr raised Microsoft Corporation from a hold rating to a buy rating and set a $63.27 price objective for the company in a research note on Thursday, November 24th. Deutsche Bank AG reaffirmed a buy rating and issued a $70.00 price objective on shares of Microsoft Corporation in a research note on Monday, November 7th. Zacks Investment Research raised Microsoft Corporation from a hold rating to a buy rating and set a $70.00 price objective for the company in a research note on Tuesday, January 17th. Finally, Atlantic Securities raised Microsoft Corporation from an underweight rating to a neutral rating in a research note on Thursday, November 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of Buy and a consensus target price of $66.54.

Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 1.25% during trading on Wednesday, hitting $64.96. The company had a trading volume of 16,156,011 shares. The stock has a market capitalization of $501.98 billion, a P/E ratio of 30.57 and a beta of 1.13. Microsoft Corporation has a 52 week low of $48.03 and a 52 week high of $65.79. The firm’s 50 day moving average is $62.72 and its 200-day moving average is $59.05.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, January 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.05. Microsoft Corporation had a return on equity of 32.12% and a net margin of 19.57%. The business earned $26.07 billion during the quarter, compared to analyst estimates of $25.13 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Microsoft Corporation’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corporation will post $2.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.37%. Microsoft Corporation’s payout ratio is currently 73.59%.

In other Microsoft Corporation news, CMO Christopher C. Capossela sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $60.51, for a total value of $726,120.00. Following the completion of the transaction, the chief marketing officer now owns 253,306 shares in the company, valued at $15,327,546.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 18,583 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $58.58, for a total transaction of $1,088,592.14. Following the completion of the transaction, the executive vice president now owns 243,306 shares of the company’s stock, valued at approximately $14,252,865.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,583 shares of company stock valued at $2,529,552. Insiders own 2.99% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. American Economic Planning Group Inc. ADV increased its stake in shares of Microsoft Corporation by 0.3% in the third quarter. American Economic Planning Group Inc. ADV now owns 4,878 shares of the software giant’s stock valued at $280,000 after buying an additional 14 shares during the period. Gemmer Asset Management LLC increased its stake in shares of Microsoft Corporation by 0.3% in the third quarter. Gemmer Asset Management LLC now owns 7,309 shares of the software giant’s stock valued at $421,000 after buying an additional 20 shares during the period. Cortland Associates Inc. MO increased its stake in shares of Microsoft Corporation by 0.4% in the third quarter. Cortland Associates Inc. MO now owns 5,430 shares of the software giant’s stock valued at $313,000 after buying an additional 20 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of Microsoft Corporation by 0.3% in the third quarter. Jaffetilchin Investment Partners LLC now owns 6,188 shares of the software giant’s stock valued at $356,000 after buying an additional 21 shares during the period. Finally, Barr E S & Co. increased its stake in shares of Microsoft Corporation by 0.7% in the third quarter. Barr E S & Co. now owns 4,812 shares of the software giant’s stock valued at $277,000 after buying an additional 34 shares during the period. Institutional investors own 72.07% of the company’s stock.

Microsoft Corporation 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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