Microsoft Corporation (NASDAQ:MSFT) – Equities researchers at CLSA upped their Q2 2017 EPS estimates for Microsoft Corporation in a report issued on Tuesday. CLSA analyst E. Maguire now anticipates that the firm will post earnings per share of $0.79 for the quarter, up from their prior estimate of $0.76. CLSA also issued estimates for Microsoft Corporation’s Q3 2017 earnings at $0.70 EPS, Q4 2017 earnings at $0.71 EPS, FY2017 earnings at $2.96 EPS, Q1 2018 earnings at $0.78 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.85 EPS, FY2018 earnings at $3.27 EPS and FY2019 earnings at $3.68 EPS.
A number of other equities research analysts have also commented on the company. Morgan Stanley set a $72.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research report on Wednesday. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $65.26 target price for the company in a research report on Tuesday. Zacks Investment Research raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday. Wells Fargo & Company initiated coverage on Microsoft Corporation in a research report on Wednesday, January 11th. They set an “outperform” rating for the company. Finally, Pacific Crest reaffirmed an “overweight” rating on shares of Microsoft Corporation in a research report on Saturday, January 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.64.
Microsoft Corporation (NASDAQ:MSFT) traded down 0.216% on Wednesday, reaching $62.395. The company had a trading volume of 9,113,778 shares. The stock has a market capitalization of $485.14 billion, a P/E ratio of 29.883 and a beta of 1.13. The stock’s 50-day moving average price is $62.19 and its 200-day moving average price is $58.66. Microsoft Corporation has a 12-month low of $48.04 and a 12-month high of $64.10.
A number of hedge funds have recently bought and sold shares of MSFT. Peddock Capital Advisors LLC purchased a new stake in Microsoft Corporation during the third quarter worth approximately $130,000. Roble Belko & Company Inc boosted its stake in shares of Microsoft Corporation by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the last quarter. Windsor Capital Management LLC bought a new stake in shares of Microsoft Corporation during the third quarter worth approximately $206,000. Crossvault Capital Management LLC bought a new stake in shares of Microsoft Corporation during the third quarter worth approximately $209,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new stake in shares of Microsoft Corporation during the third quarter worth approximately $212,000. Institutional investors own 70.73% of the company’s stock.
In related news, insider Frank H. Brod sold 5,000 shares of the company’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $60.53, for a total transaction of $302,650.00. Following the completion of the sale, the insider now owns 121,508 shares in the company, valued at $7,354,879.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 18,583 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $58.58, for a total value of $1,088,592.14. Following the sale, the executive vice president now owns 243,306 shares of the company’s stock, valued at approximately $14,252,865.48. The disclosure for this sale can be found here. 2.99% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, February 16th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, February 14th. Microsoft Corporation’s dividend payout ratio is currently 75.00%.
Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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.