Goldman Sachs Group, Inc. (The) reiterated their buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research report report published on Friday morning. They currently have a $72.00 target price on the software giant’s stock, up from their prior target price of $68.00.
Several other research analysts have also issued reports on MSFT. Vetr lowered shares of Microsoft Corporation from a buy rating to a hold rating and set a $63.65 price target for the company. in a research note on Wednesday, December 7th. Piper Jaffray Companies started coverage on shares of Microsoft Corporation in a research note on Wednesday, December 21st. They set an overweight rating and a $80.00 price objective for the company. Cowen and Company restated an outperform rating on shares of Microsoft Corporation in a research note on Tuesday, December 13th. RBC Capital Markets set a $65.00 price objective on shares of Microsoft Corporation and gave the company a buy rating in a research note on Friday, October 21st. Finally, Bank of America Corporation restated a buy rating and set a $68.00 price objective (up from $65.00) on shares of Microsoft Corporation in a research note on Sunday, October 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Microsoft Corporation currently has an average rating of Buy and an average target price of $67.13.
Microsoft Corporation (NASDAQ:MSFT) traded down 0.60% on Friday, reaching $64.26. 3,928,303 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $63.13 and its 200 day moving average price is $59.43. The company has a market cap of $496.57 billion, a PE ratio of 30.24 and a beta of 1.13. Microsoft Corporation has a 52-week low of $48.03 and a 52-week high of $65.91.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, January 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.05. The company earned $26.07 billion during the quarter, compared to analyst estimates of $25.13 billion. Microsoft Corporation had a net margin of 19.57% and a return on equity of 32.12%. Microsoft Corporation’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. On average, analysts expect that Microsoft Corporation will post $2.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, February 16th will be given a $0.39 dividend. The ex-dividend date is Tuesday, February 14th. This represents a $1.56 annualized dividend and a yield of 2.41%. Microsoft Corporation’s dividend payout ratio is presently 73.59%.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 18,583 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was 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 in the company, valued at approximately $14,252,865.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $60.51, for a total value of $726,120.00. Following the completion of the sale, the chief marketing officer now owns 253,306 shares in the company, valued at approximately $15,327,546.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,083 shares of company stock worth $2,304,837. Insiders own 2.99% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Peddock Capital Advisors LLC acquired a new position in shares of Microsoft Corporation during the third quarter worth about $130,000. Roble Belko & Company Inc raised its position 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 period. Windsor Capital Management LLC acquired a new position in shares of Microsoft Corporation during the third quarter worth about $206,000. Crossvault Capital Management LLC acquired a new position in shares of Microsoft Corporation during the third quarter worth about $209,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in shares of Microsoft Corporation during the third quarter worth about $212,000. Hedge funds and other institutional investors own 72.07% of the company’s stock.
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.