Vetr Upgrades Microsoft (NASDAQ:MSFT) to Buy

Microsoft (NASDAQ:MSFT) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday, November 13th. The brokerage presently has a $90.36 price target on the software giant’s stock. Vetr‘s target price indicates a potential upside of 7.24% from the stock’s current price.

Several other research firms have also commented on MSFT. UBS set a $105.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Thursday, November 9th. Tigress Financial restated a “buy” rating on shares of Microsoft in a research note on Tuesday, November 7th. Deutsche Bank restated a “buy” rating and set a $100.00 price target on shares of Microsoft in a research note on Friday, November 3rd. Argus upgraded shares of Microsoft from a “hold” rating to a “buy” rating and upped their price target for the company from $57.28 to $95.00 in a research note on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the stock. Microsoft currently has an average rating of “Buy” and an average target price of $84.48.

Microsoft (NASDAQ MSFT) traded up $0.09 during midday trading on Monday, hitting $84.26. 29,387,325 shares of the company traded hands, compared to its average volume of 18,781,280. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The company has a market cap of $649,337.06, a price-to-earnings ratio of 24.90, a PEG ratio of 1.96 and a beta of 0.99. Microsoft has a 1 year low of $58.80 and a 1 year high of $86.20.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. Microsoft’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. analysts anticipate that Microsoft will post 3.38 EPS for the current year.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold 27,000 shares of company stock worth $2,262,720 over the last three months. 1.49% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MSFT. Vanguard Group Inc. lifted its stake in shares of Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares in the last quarter. State Street Corp increased its position in Microsoft by 0.8% during the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Capital Research Global Investors increased its position in Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC increased its position in Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Microsoft by 2.1% during the third quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after purchasing an additional 774,549 shares during the last quarter. 73.35% of the stock is currently owned by institutional investors and hedge funds.

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About Microsoft

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 Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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