Microsoft Corporation (MSFT) Stock Rating Upgraded by ValuEngine

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.

COPYRIGHT VIOLATION NOTICE: “Microsoft Corporation (MSFT) Stock Rating Upgraded by ValuEngine” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/09/24/microsoft-corporation-msft-lifted-to-buy-at-valuengine.html.

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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply