Microsoft Corporation (MSFT) Upgraded at Vetr Inc.
Vetr upgraded shares of Microsoft Corporation (NASDAQ:MSFT) from a hold rating to a buy rating in a research note released on Monday morning. Vetr currently has $90.36 price target on the software giant’s stock.
A number of other analysts have also issued reports on MSFT. Zacks Investment Research lowered Microsoft Corporation from a buy rating to a hold rating in a report on Friday, November 10th. UBS AG set a $105.00 price objective on Microsoft Corporation and gave the stock a buy rating in a report on Thursday, November 9th. Tigress Financial reissued a buy rating on shares of Microsoft Corporation in a report on Tuesday, November 7th. Deutsche Bank AG reissued a buy rating and set a $100.00 price objective on shares of Microsoft Corporation in a report on Friday, November 3rd. Finally, Oppenheimer Holdings, Inc. lifted their price objective on Microsoft Corporation from $80.00 to $92.00 and gave the stock an outperform rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $84.21.
Microsoft Corporation (NASDAQ MSFT) traded down $0.70 on Monday, hitting $82.50. The stock had a trading volume of 11,219,659 shares, compared to its average volume of 22,420,971. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The stock has a market cap of $636,450.00, a P/E ratio of 24.55, a PEG ratio of 1.93 and a beta of 1.01. Microsoft Corporation has a 52 week low of $58.80 and a 52 week high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. equities analysts forecast that Microsoft Corporation will post 3.38 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.04%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is currently 56.76%.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the sale, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold 104,763 shares of company stock worth $7,908,472 in the last three months. 1.49% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New Capital Management LP lifted its stake in Microsoft Corporation by 0.5% during the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after purchasing an additional 22 shares during the last quarter. Nottingham Advisors Inc. lifted its stake in Microsoft Corporation by 0.4% during the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after purchasing an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV lifted its stake in Microsoft Corporation by 0.5% during the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after purchasing an additional 23 shares during the last quarter. Carderock Capital Management Inc. lifted its stake in Microsoft Corporation by 0.7% during the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after purchasing an additional 26 shares during the last quarter. Finally, Appropriate Balance Financial Services Inc. lifted its stake in shares of Microsoft Corporation by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 73.37% 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.
To view Vetr’s full report, visit Vetr’s official website.
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