Sanford C. Bernstein Reaffirms Buy Rating for Microsoft Corporation (MSFT)

Sanford C. Bernstein reissued their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research report report published on Wednesday morning. The firm currently has a $100.00 price objective on the software giant’s stock.

Several other research firms have also recently issued reports on MSFT. Canaccord Genuity restated a hold rating and set a $76.00 price objective on shares of Microsoft Corporation in a research report on Friday, September 15th. Royal Bank Of Canada restated an outperform rating and set a $88.00 price objective (up from $85.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Evercore ISI restated a buy rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Friday, August 18th. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, Macquarie set a $77.00 price objective on shares of Microsoft Corporation and gave the stock a neutral rating in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. Microsoft Corporation has a consensus rating of Buy and an average target price of $84.21.

Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $82.40 on Wednesday. The company has a market cap of $641,850.00, a PE ratio of 24.87, a PEG ratio of 1.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Corporation has a 12-month low of $58.80 and a 12-month high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. sell-side analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.04%. Microsoft Corporation’s payout ratio is currently 56.76%.

In related news, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. Insiders sold a total of 104,763 shares of company stock worth $7,908,472 over the last quarter. Insiders own 1.49% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Appropriate Balance Financial Services Inc. increased its stake in shares of Microsoft Corporation by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after acquiring an additional 29 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Microsoft Corporation by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the last quarter. Hefty Wealth Partners increased its stake in shares of Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after acquiring an additional 653 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation during the 1st quarter valued at about $132,000. Finally, Stelac Advisory Services LLC increased its stake in shares of Microsoft Corporation by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the last quarter. 73.37% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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