J P Morgan Chase & Co set a $64.00 price objective on Microsoft Corporation (NASDAQ:MSFT) in a report published on Tuesday morning. The brokerage currently has a neutral rating on the software giant’s stock.
MSFT has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $78.00 price target on shares of Microsoft Corporation in a report on Tuesday, May 9th. William Blair reissued an outperform rating on shares of Microsoft Corporation in a report on Monday, March 20th. Bank of America Corporation reissued a buy rating and issued a $75.00 price target on shares of Microsoft Corporation in a report on Friday, June 16th. Cowen and Company boosted their price target on shares of Microsoft Corporation from $70.00 to $74.00 and gave the company an outperform rating in a report on Friday, April 28th. Finally, Vetr raised shares of Microsoft Corporation from a hold rating to a buy rating and set a $74.61 price target on the stock in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Microsoft Corporation currently has a consensus rating of Buy and a consensus price target of $71.46.
Microsoft Corporation (NASDAQ MSFT) traded up 0.87% on Tuesday, hitting $73.94. 11,037,142 shares of the stock traded hands. Microsoft Corporation has a 12-month low of $55.53 and a 12-month high of $73.97. The firm has a market cap of $570.85 billion, a price-to-earnings ratio of 32.63 and a beta of 1.00. The stock has a 50-day moving average of $70.55 and a 200-day moving average of $66.73.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 27th. The software giant reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The firm had revenue of $23.56 billion for the quarter, compared to analyst estimates of $23.62 billion. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Analysts forecast that Microsoft Corporation will post $3.03 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is currently 69.03%.
In related news, EVP Christopher C. Capossela sold 3,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total value of $207,330.00. Following the transaction, the executive vice president now directly owns 216,507 shares of the company’s stock, valued at $14,962,798.77. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $69.40, for a total value of $173,500,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,060,786 shares of company stock worth $831,893,332. Company insiders own 2.99% of the company’s stock.
Several institutional investors have recently bought and sold shares of MSFT. Hefty Wealth Partners raised its position in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. raised its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. bought a new position in Microsoft Corporation during the first quarter worth approximately $132,000. Pacific Center for Financial Services bought a new position in Microsoft Corporation during the fourth quarter worth approximately $155,000. Finally, Welch Investments LLC bought a new position in Microsoft Corporation during the fourth quarter worth approximately $160,000. 72.74% of the stock is currently owned by 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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