UBS Reiterates $105.00 Price Target for Microsoft (MSFT)
UBS set a $105.00 price target on Microsoft (NASDAQ:MSFT) in a research report released on Friday, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the software giant’s stock.
Other analysts have also issued reports about the company. Piper Jaffray Companies reaffirmed a buy rating and set a $90.00 target price on shares of Microsoft in a research report on Sunday, August 27th. BMO Capital Markets reaffirmed a buy rating and set a $86.00 target price on shares of Microsoft in a research report on Friday, August 25th. Evercore ISI reaffirmed a buy rating and set a $80.00 target price on shares of Microsoft in a research report on Friday, August 18th. BidaskClub raised Microsoft from a hold rating to a buy rating in a research report on Wednesday, August 16th. Finally, Credit Suisse Group set a $84.00 target price on Microsoft 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, ten have given a hold rating and thirty have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $85.28.
Microsoft (NASDAQ:MSFT) traded up $0.33 during trading hours on Friday, reaching $84.49. The company’s stock had a trading volume of 3,787,928 shares, compared to its average volume of 22,507,623. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft has a one year low of $61.13 and a one year high of $86.20. The stock has a market capitalization of $649,259.94, a price-to-earnings ratio of 24.90, a PEG ratio of 1.96 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS 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 company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. research analysts predict that Microsoft will post 3.38 EPS for the current fiscal 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 paid 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 1.99%. Microsoft’s payout ratio is currently 57.14%.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of MSFT. New Capital Management LP increased its holdings in shares of Microsoft by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after buying an additional 22 shares in the last quarter. Nottingham Advisors Inc. grew its position in Microsoft by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after purchasing an additional 22 shares in the last quarter. American Economic Planning Group Inc. ADV grew its position in Microsoft by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after purchasing an additional 23 shares in the last quarter. Carderock Capital Management Inc. grew its position in Microsoft by 0.7% during the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after purchasing an additional 26 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. grew its position in Microsoft by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.
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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