Goldman Sachs Group, Inc. (The) Reaffirms Purchase Rating for Microsoft Corporation (MSFT)

Goldman Sachs Group, Inc. (The) Reaffirms Purchase Rating for Microsoft Corporation (MSFT)

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.

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