Today The Microsoft Corporation (MSFT) Earns Buy Rating from Goldman Sachs Group, Inc. (The)

Today The Microsoft Corporation (MSFT) Earns Buy Rating from Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) reiterated their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a report published on Friday morning. The brokerage currently has a $68.00 target price on the software giant’s stock.

Several other equities analysts have also issued reports on the stock. Nomura reissued a buy rating and set a $65.00 price objective on shares of Microsoft Corporation in a report on Thursday, October 13th. Zacks Investment Research raised shares of Microsoft Corporation from a hold rating to a buy rating and set a $64.00 price objective on the stock in a report on Thursday, October 13th. Vetr raised shares of Microsoft Corporation from a hold rating to a buy rating and set a $59.95 price objective on the stock in a report on Tuesday, October 11th. Deutsche Bank AG reissued a buy rating and set a $65.00 price objective on shares of Microsoft Corporation in a report on Wednesday, September 28th. Finally, Wunderlich raised shares of Microsoft Corporation from a hold rating to a buy rating and lifted their price objective for the company from $60.00 to $70.00 in a report on Friday, October 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $63.89.

Microsoft Corporation (NASDAQ:MSFT) opened at 63.52 on Friday. The company has a market capitalization of $493.89 billion, a PE ratio of 30.42 and a beta of 1.13. Microsoft Corporation has a 12-month low of $48.03 and a 12-month high of $64.10. The stock’s 50 day moving average price is $62.51 and its 200 day moving average price is $58.93.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be given 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 yield of 2.46%. Microsoft Corporation’s dividend payout ratio is presently 75.00%.

In other Microsoft Corporation news, insider Frank H. Brod sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $60.53, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 18,583 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was 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. Insiders have sold 3,347,583 shares of company stock valued at $201,822,202 over the last 90 days. 2.99% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roble Belko & Company Inc increased its position in Microsoft Corporation by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock valued at $130,000 after buying an additional 210 shares during the period. Peddock Capital Advisors LLC bought a new position in Microsoft Corporation during the third quarter valued at $130,000. FFT Wealth Management LLC bought a new position in Microsoft Corporation during the second quarter valued at $206,000. Windsor Capital Management LLC bought a new position in Microsoft Corporation during the third quarter valued at $206,000. Finally, Crossvault Capital Management LLC bought a new position in Microsoft Corporation during the third quarter valued at $209,000. Hedge funds and other institutional investors own 71.88% of the company’s stock.

About Microsoft Corporation

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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