Microsoft (NASDAQ:MSFT) had its price target lifted by Macquarie from $150.00 to $160.00 in a research note issued to investors on Friday, The Fly reports. The brokerage currently has an outperform rating on the software giant’s stock.
MSFT has been the subject of several other reports. Barclays upped their target price on T. Rowe Price Group from $90.00 to $95.00 and gave the company an underweight rating in a report on Thursday, April 25th. Wells Fargo & Co set a $29.00 price target on Establishment Labs and gave the stock a buy rating in a research note on Friday, July 12th. Piper Jaffray Companies reissued an overweight rating and set a $760.00 price objective (up previously from $755.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 25th. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st. Finally, Oppenheimer raised their target price on Chipotle Mexican Grill from $400.00 to $525.00 and gave the stock an underperform rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have given a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $146.41.
Shares of NASDAQ MSFT opened at $136.62 on Friday. Microsoft has a 1-year low of $93.96 and a 1-year high of $140.67. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The stock has a fifty day moving average of $133.73. The firm has a market capitalization of $1,046.89 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.43 and a beta of 1.21.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The business had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter last year, the business posted $1.13 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts predict that Microsoft will post 5.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is 38.74%.
In related news, EVP Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $126.02, for a total value of $630,100.00. Following the sale, the executive vice president now owns 144,934 shares in the company, valued at $18,264,582.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 15,947 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the completion of the sale, the executive vice president now owns 202,518 shares in the company, valued at approximately $26,969,322.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,247 shares of company stock valued at $28,204,754. 1.38% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of MSFT. Quantamental Technologies LLC bought a new position in Microsoft in the fourth quarter worth approximately $26,000. Highwater Wealth Management LLC bought a new stake in shares of Microsoft during the 4th quarter valued at $27,000. Centaurus Financial Inc. grew its stake in Microsoft by 21.1% during the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after acquiring an additional 561 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new position in Microsoft during the fourth quarter valued at $30,000. Finally, Ayalon Holdings Ltd. purchased a new position in Microsoft during the fourth quarter valued at $41,000. Institutional investors own 72.04% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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