Microsoft (MSFT) PT Raised to $107.00
Microsoft (NASDAQ:MSFT) had its price target lifted by Argus from $95.00 to $107.00 in a report published on Tuesday, MarketBeat Ratings reports. Argus currently has a buy rating on the software giant’s stock.
MSFT has been the subject of several other research reports. Canaccord Genuity reissued a buy rating and issued a $94.00 price target (up previously from $86.00) on shares of Microsoft in a research report on Friday, October 27th. Barclays set a $95.00 price objective on shares of Microsoft and gave the stock an overweight rating in a research report on Friday, January 12th. ValuEngine raised shares of Microsoft from a hold rating to a buy rating in a research report on Sunday, December 31st. Atlantic Securities set a $83.00 price objective on shares of Microsoft and gave the stock a neutral rating in a research report on Friday, October 27th. Finally, UBS Group set a $105.00 price objective on shares of Microsoft and gave the stock a buy rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $99.09.
Microsoft (MSFT) opened at $91.33 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. Microsoft has a 1 year low of $63.22 and a 1 year high of $96.07. The company has a market cap of $704,570.00, a P/E ratio of 62.13, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.84%. Microsoft’s dividend payout ratio (DPR) is presently 114.29%.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction 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 transaction, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,000 shares of company stock valued at $2,498,220. 1.49% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MSFT. Capital Research Global Investors increased its stake in shares of Microsoft by 212.3% during 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 acquiring an additional 47,353,245 shares during the period. Janus Henderson Group PLC increased its stake in shares of Microsoft by 609.4% during 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 acquiring an additional 42,243,011 shares during the period. Vanguard Group Inc. increased its stake in shares of Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares during the period. Tiger Global Management LLC increased its stake in shares of Microsoft by 395.2% during the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after acquiring an additional 8,369,500 shares during the period. Finally, Polen Capital Management LLC acquired a new position in shares of Microsoft during the third quarter worth about $527,480,000. Institutional investors own 73.22% of the company’s stock.
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Microsoft 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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