Microsoft Corporation (MSFT) Rating Lowered to Hold at Vetr Inc.
Microsoft Corporation (NASDAQ:MSFT) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report issued on Wednesday. They currently have a $76.10 price objective on the software giant’s stock. Vetr‘s price target suggests a potential upside of 1.78% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on MSFT. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, August 11th. BidaskClub raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $90.00 target price on shares of Microsoft Corporation in a research report on Sunday, August 27th. Evercore ISI reaffirmed a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a research report on Friday, August 18th. Finally, Credit Suisse Group set a $84.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-eight have given a buy rating to the company. Microsoft Corporation currently has a consensus rating of “Buy” and an average price target of $76.51.
Microsoft Corporation (NASDAQ MSFT) opened at 74.77 on Wednesday. The company’s 50-day moving average price is $73.02 and its 200 day moving average price is $68.86. The firm has a market cap of $575.90 billion, a price-to-earnings ratio of 27.59 and a beta of 1.01. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.96.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were 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 of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Microsoft Corporation during the fourth quarter worth about $4,334,099,000. Capital Research Global Investors increased its stake in shares of Microsoft Corporation by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the period. Dodge & Cox bought a new stake in shares of Microsoft Corporation during the fourth quarter worth approximately $2,658,504,000. Janus Henderson Group PLC increased its stake in shares of Microsoft Corporation by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Microsoft Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.
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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