The Microsoft Corporation (MSFT) Receives “Outperform” Rating from BMO Capital Markets

The Microsoft Corporation (MSFT) Receives “Outperform” Rating from BMO Capital Markets

Other equities analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) increased their price target on shares of Microsoft Corporation from $72.00 to $78.00 and gave the stock a buy rating in a report on Friday, April 28th. Pacific Crest reaffirmed a buy rating and set a $78.00 target price (up previously from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Morgan Stanley reaffirmed a buy rating and set a $72.00 target price on shares of Microsoft Corporation in a report on Thursday, April 20th. Deutsche Bank AG reaffirmed a buy rating and set a $75.00 target price on shares of Microsoft Corporation in a report on Thursday, April 6th. Finally, Morningstar, Inc. reaffirmed a buy rating on shares of Microsoft Corporation in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-eight have issued a buy rating to the stock. Microsoft Corporation currently has an average rating of Buy and a consensus target price of $76.15.

BMO Capital Markets reaffirmed their outperform rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research report sent to investors on Sunday, July 16th, Marketbeat.com reports. BMO Capital Markets currently has a $86.00 price target on the software giant’s stock, up from their prior price target of $75.00.

Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.44% on Friday, hitting $72.26. 26,499,158 shares of the stock traded hands. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The stock has a 50 day moving average price of $71.23 and a 200-day moving average price of $67.50. The stock has a market cap of $556.98 billion, a price-to-earnings ratio of 26.66 and a beta of 1.00.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the prior year, the company posted $0.69 EPS. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Corporation will post $3.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.

In related news, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $68.90, for a total transaction of $172,250,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,560,855 shares of company stock worth $658,531,908. 2.99% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Microsoft Corporation during the fourth quarter worth approximately $4,334,099,000. Dodge & Cox bought a new position in Microsoft Corporation during the fourth quarter worth approximately $2,658,504,000. FMR LLC boosted its position in Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock worth $11,020,210,000 after buying an additional 17,606,133 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Microsoft Corporation by 791.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 13,263,687 shares of the software giant’s stock worth $825,108,000 after buying an additional 11,775,547 shares during the last quarter. Finally, Viking Global Investors LP boosted its position in Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock worth $1,363,976,000 after buying an additional 8,282,782 shares during the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.

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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