Microsoft Corporation (MSFT) Earns “Buy” Rating from Tigress Financial
A number of other equities analysts have also recently issued reports on MSFT. Deutsche Bank AG reiterated a buy rating and set a $100.00 target price on shares of Microsoft Corporation in a report on Friday, November 3rd. Oppenheimer Holdings, Inc. boosted their price target on Microsoft Corporation from $80.00 to $92.00 and gave the company an outperform rating in a report on Tuesday, October 31st. Zacks Investment Research raised Microsoft Corporation from a hold rating to a buy rating and set a $94.00 price objective for the company in a research report on Tuesday, October 31st. Argus upgraded Microsoft Corporation from a hold rating to a buy rating and increased their price objective for the stock from $57.28 to $95.00 in a report on Tuesday, October 31st. Finally, Vetr raised Microsoft Corporation from a sell rating to a hold rating and set a $82.07 target price on the stock in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $83.64.
Microsoft Corporation (MSFT) traded down $0.22 during trading on Tuesday, hitting $83.87. 19,395,064 shares of the stock traded hands, compared to its average volume of 22,495,916. The firm has a market capitalization of $646,610.00, a PE ratio of 25.02, a PEG ratio of 1.98 and a beta of 1.01. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $86.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share. equities research analysts forecast that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s payout ratio is 52.70%.
In other Microsoft Corporation news, insider Frank H. Brod sold 15,000 shares of Microsoft Corporation stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,763 shares of company stock valued at $7,240,712. 1.49% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Appropriate Balance Financial Services Inc. increased its position in Microsoft Corporation by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares during the period. Acrospire Investment Management LLC raised its holdings in Microsoft Corporation by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the last quarter. Hefty Wealth Partners lifted its position in shares of Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Asset Planning Services Ltd. lifted its position in shares of Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares during the period. Finally, Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation in the 1st quarter worth approximately $132,000. Institutional investors own 73.35% 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. 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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