Microsoft Corporation (MSFT) Upgraded at Vetr Inc.
Vetr upgraded shares of Microsoft Corporation (NASDAQ:MSFT) from a hold rating to a buy rating in a report issued on Monday. The firm currently has $90.36 price target on the software giant’s stock.
Several other analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Microsoft Corporation from a hold rating to a buy rating in a research note on Wednesday, September 6th. Morningstar, Inc. reiterated a neutral rating on shares of Microsoft Corporation in a research note on Monday, October 16th. Credit Suisse Group reiterated an outperform rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Zacks Investment Research cut shares of Microsoft Corporation from a strong-buy rating to a hold rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a $88.00 target price (up from $85.00) on shares of Microsoft Corporation in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $83.86.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $82.98 on Monday. The company has a market cap of $648,411.31, a P/E ratio of 24.87, a P/E/G ratio of 1.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 52 week low of $58.80 and a 52 week high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same period in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. research analysts predict that Microsoft Corporation will post 3.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.02%. Microsoft Corporation’s payout ratio is currently 53.06%.
In other news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the completion of the sale, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders sold 104,763 shares of company stock valued at $7,908,472 over the last quarter. Company insiders own 1.49% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Yellowstone Partners LLC bought a new stake in Microsoft Corporation during the third quarter valued at approximately $1,702,000. Independent Advisor Alliance grew its position in Microsoft Corporation by 20.6% during the third quarter. Independent Advisor Alliance now owns 95,758 shares of the software giant’s stock valued at $7,305,000 after buying an additional 16,361 shares during the period. Fieldpoint Private Securities LLC grew its position in Microsoft Corporation by 24.7% during the third quarter. Fieldpoint Private Securities LLC now owns 41,069 shares of the software giant’s stock valued at $3,059,000 after buying an additional 8,130 shares during the period. Wealthcare Advisory Partners LLC grew its position in Microsoft Corporation by 11,446.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 20,321 shares of the software giant’s stock valued at $1,514,000 after buying an additional 20,145 shares during the period. Finally, Stonebridge Capital Advisors LLC grew its position in Microsoft Corporation by 89.9% during the third quarter. Stonebridge Capital Advisors LLC now owns 114,645 shares of the software giant’s stock valued at $8,540,000 after buying an additional 54,267 shares during the period. Institutional investors own 73.37% 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. 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.
To view Vetr’s full report, visit Vetr’s official website.
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