Microsoft (MSFT) Rating Lowered to Hold at Vetr
Vetr downgraded shares of Microsoft (NASDAQ:MSFT) from a buy rating to a hold rating in a research note published on Wednesday morning. Vetr currently has $93.54 price objective on the software giant’s stock.
Several other equities analysts have also recently weighed in on MSFT. Oppenheimer set a $80.00 price objective on Microsoft and gave the company a buy rating in a research note on Monday, September 25th. ValuEngine cut Microsoft from a buy rating to a hold rating in a research note on Monday, October 2nd. Canaccord Genuity upgraded Microsoft from a hold rating to a buy rating and raised their price objective for the company from $76.00 to $86.00 in a research note on Thursday, October 5th. Stifel Nicolaus restated a buy rating on shares of Microsoft in a research note on Thursday, October 12th. Finally, Morningstar restated a neutral rating on shares of Microsoft in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $88.32.
Microsoft (NASDAQ MSFT) opened at $90.00 on Wednesday. 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 has a 52 week low of $62.37 and a 52 week high of $90.79. The firm has a market capitalization of $693,540.00, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same period last year, the business earned $0.76 EPS. The business’s revenue was up 11.7% on a year-over-year basis. equities research analysts anticipate that Microsoft will post 3.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is presently 56.76%.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of Microsoft 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 completion of the transaction, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated 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 of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $3,759,420 in the last ninety days. Insiders own 1.49% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Acrospire Investment Management LLC boosted its position in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC boosted its position in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the last quarter. Pacific Center for Financial Services boosted its position in shares of Microsoft by 3.0% during the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after acquiring an additional 75 shares during the last quarter. AlphaMark Advisors LLC boosted its position in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after acquiring an additional 30 shares during the last quarter. Finally, Family Capital Trust Co bought a new stake in Microsoft in the 4th quarter worth approximately $188,000. 73.19% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.