Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating reaffirmed by research analysts at UBS AG in a report released on Friday. They currently have a $82.00 target price on the software giant’s stock, up from their prior target price of $73.00. UBS AG’s target price points to a potential upside of 10.45% from the company’s current price.
Several other equities analysts have also weighed in on MSFT. Deutsche Bank AG restated a “buy” rating and issued a $75.00 price target on shares of Microsoft Corporation in a research note on Thursday, April 6th. Zacks Investment Research lowered Microsoft Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Piper Jaffray Companies restated an “overweight” rating and issued a $80.00 price target on shares of Microsoft Corporation in a research note on Wednesday, April 19th. Pacific Crest restated a “buy” rating and issued a $70.00 price target on shares of Microsoft Corporation in a research note on Thursday, April 20th. Finally, Morgan Stanley restated a “buy” rating and issued a $72.00 price target on shares of Microsoft Corporation in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of “Buy” and an average target price of $72.30.
Microsoft Corporation (NASDAQ MSFT) opened at 74.22 on Friday. The stock has a 50 day moving average price of $70.77 and a 200-day moving average price of $66.84. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.30. The company has a market cap of $573.02 billion, a price-to-earnings ratio of 32.75 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 33.75% and a net margin of 20.42%. The firm had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Microsoft Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Corporation will post $3.32 EPS for the current year.
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In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total transaction of $173,500,000.00. The disclosure for this sale can be found here. Insiders sold 12,060,786 shares of company stock worth $831,893,332 in the last three months. 2.99% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Northstar Group Inc. increased its position in Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after buying an additional 12 shares in the last quarter. Gierl Augustine Investment Management Inc increased its position in Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after buying an additional 13 shares in the last quarter. New Capital Management LP increased its position in Microsoft Corporation 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. increased its position in Microsoft Corporation by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after buying an additional 22 shares in the last quarter. Finally, Vista Capital Partners Inc. increased its position in Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after buying an additional 36 shares in the last quarter. Institutional investors own 72.74% of the company’s stock.
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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