Stifel Nicolaus reissued their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research note issued to investors on Monday. The firm currently has a $80.00 price objective on the software giant’s stock.
Several other equities analysts have also issued reports on MSFT. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the stock a buy rating in a research report on Friday, August 11th. Vetr lowered Microsoft Corporation from a buy rating to a hold rating and set a $74.32 price target on the stock. in a research report on Tuesday, September 12th. BidaskClub upgraded Microsoft Corporation from a hold rating to a buy rating in a research report on Wednesday, August 16th. Credit Suisse Group set a $84.00 price target on Microsoft Corporation and gave the stock a buy rating in a research report on Friday, August 11th. Finally, Evercore ISI restated a buy rating and set a $80.00 price target on shares of Microsoft Corporation in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $76.72.
Shares of Microsoft Corporation (MSFT) opened at 74.21 on Monday. The company has a market capitalization of $571.58 billion, a PE ratio of 27.38 and a beta of 1.00. The company has a 50-day moving average price of $73.41 and a 200 day moving average price of $69.80. Microsoft Corporation has a one year low of $56.32 and a one year high of $75.97. Microsoft Corporation also was the target of unusually large options trading on Wednesday. Traders purchased 29,563 put options on the stock. This represents an increase of 118% compared to the typical daily volume of 13,565 put options.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period last year, the company earned $0.69 EPS. Microsoft Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Microsoft Corporation will post $3.17 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Microsoft Corporation (MSFT) Given “Buy” Rating at Stifel Nicolaus” was originally reported by BBNS and is the property of of BBNS. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://baseballnewssource.com/markets/microsoft-corporation-msft-given-buy-rating-at-stifel-nicolaus/1656953.html.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.24%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is currently 57.78%.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the sale, the insider now owns 544,080 shares of the company’s stock, valued at $40,261,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock valued at $515,879,974 in the last three months. 2.99% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp boosted its stake in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after acquiring an additional 18,225 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Microsoft Corporation by 7.3% in the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after acquiring an additional 530,893 shares during the period. Wealthfront Inc. boosted its stake in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after acquiring an additional 31,364 shares during the period. Dodge & Cox bought a new position in shares of Microsoft Corporation in the fourth quarter worth about $2,658,504,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of Microsoft Corporation by 33.5% in the first quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock worth $2,554,000 after acquiring an additional 9,768 shares during the period. 73.40% of the stock is owned by institutional investors and hedge funds.
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.
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 our FREE daily email newsletter.