The Microsoft Corporation’s (MSFT) “Buy” Rating Reaffirmed at Stifel Nicolaus

The Microsoft Corporation’s (MSFT) “Buy” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a report issued on Thursday.

Several other analysts have also commented on the company. ValuEngine raised Microsoft Corporation from a hold rating to a buy rating in a report on Wednesday, September 6th. Credit Suisse Group reissued an outperform rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price objective on Microsoft Corporation and gave the company a buy rating in a report on Monday, July 10th. Zacks Investment Research lowered Microsoft Corporation from a strong-buy rating to a hold rating in a report on Monday, July 24th. Finally, KeyCorp reissued a buy rating and issued a $82.00 price objective on shares of Microsoft Corporation in a report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $77.44.

Microsoft Corporation (NASDAQ MSFT) traded up 0.48% on Thursday, reaching $77.49. The company had a trading volume of 15,335,742 shares. The stock has a market capitalization of $596.85 billion, a P/E ratio of 28.59 and a beta of 1.01. Microsoft Corporation has a 1-year low of $56.66 and a 1-year high of $77.87. The stock’s 50 day moving average is $74.53 and its 200-day moving average is $70.97.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating 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 company 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 earnings per share. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Microsoft Corporation will post $3.20 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.42 dividend. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s payout ratio is presently 57.78%.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. 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 directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock valued at $515,879,974 over the last three months. Company insiders own 2.99% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gierl Augustine Investment Management Inc raised its stake in Microsoft Corporation by 0.3% during the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after acquiring an additional 13 shares during the last quarter. New Capital Management LP raised its stake in Microsoft Corporation by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after acquiring an additional 22 shares during the last quarter. Nottingham Advisors Inc. raised its stake in Microsoft Corporation by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after acquiring an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV raised its stake in Microsoft Corporation by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after acquiring an additional 23 shares during the last quarter. Finally, Carderock Capital Management Inc. raised its stake in Microsoft Corporation by 0.7% during the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after acquiring an additional 26 shares during the last quarter. 73.40% 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.

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