Microsoft Corporation (NASDAQ:MSFT) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday, September 6th.
Several other brokerages also recently commented on MSFT. UBS AG reaffirmed a “buy” rating and issued a $82.00 price objective (up previously from $73.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Barclays PLC reissued an “overweight” rating and set a $82.00 price target (up previously from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Canaccord Genuity increased their price target on Microsoft Corporation from $68.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. BMO Capital Markets increased their price target on Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.72.
Shares of Microsoft Corporation (MSFT) opened at 74.41 on Wednesday. The stock’s 50 day moving average is $73.41 and its 200-day moving average is $69.80. The firm has a market cap of $573.12 billion, a PE ratio of 27.46 and a beta of 1.00. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $75.97.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. Analysts expect that Microsoft Corporation will post $3.18 earnings per share for the current year.
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In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Microsoft Corporation by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares during the period. State Street Corp grew its holdings in shares of Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after acquiring an additional 2,552,473 shares during the period. Norges Bank acquired a new stake in shares of Microsoft Corporation in the 4th quarter worth approximately $4,334,099,000. Capital Research Global Investors grew its holdings in shares of Microsoft Corporation by 212.3% in the 2nd 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. Finally, Janus Henderson Group PLC grew its holdings in shares of Microsoft Corporation by 609.4% in the 2nd 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. Institutional investors own 73.40% of the company’s stock.
About Microsoft Corporation
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 ValuEngine’s full report, visit ValuEngine’s official website.
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