Microsoft Corporation (MSFT) Given a $57.00 Price Target by Jefferies Group LLC Analysts
Jefferies Group LLC set a $57.00 target price on Microsoft Corporation (NASDAQ:MSFT) in a report published on Friday morning. The firm currently has a sell rating on the software giant’s stock. Jefferies Group also issued estimates for Microsoft Corporation’s Q3 2018 earnings at $0.76 EPS, Q3 2019 earnings at $0.86 EPS and FY2019 earnings at $3.54 EPS.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Microsoft Corporation from a hold rating to a buy rating and set a $78.00 price objective for the company in a report on Wednesday, July 12th. BidaskClub raised shares of Microsoft Corporation from a hold rating to a buy rating in a report on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 price objective on shares of Microsoft Corporation and gave the company a buy rating in a report on Monday, July 10th. Stifel Nicolaus reissued a buy rating and issued a $73.00 price objective on shares of Microsoft Corporation in a report on Sunday, July 9th. Finally, Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $88.00 price objective (up previously from $78.00) on shares of Microsoft Corporation in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company. Microsoft Corporation currently has an average rating of Buy and a consensus price target of $81.49.
Microsoft Corporation (MSFT) opened at 83.89 on Friday. The company has a market cap of $646.14 billion, a PE ratio of 30.96 and a beta of 1.01. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $86.20. The firm’s 50-day moving average is $76.36 and its 200-day moving average is $72.24.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, analysts expect that Microsoft Corporation will post $3.35 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is 53.06%.
In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold 7,081,763 shares of company stock worth $513,899,512 over the last ninety days. Insiders own 1.49% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in MSFT. Capital Research Global Investors lifted its stake in shares of Microsoft Corporation by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after buying an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Microsoft Corporation by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after buying an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Microsoft Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC lifted its stake in shares of Microsoft Corporation by 395.2% in the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after buying an additional 8,369,500 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Microsoft Corporation by 32.5% in the second quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock valued at $1,319,271,000 after buying an additional 4,699,588 shares in the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corporation Company Profile
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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