Vetr Downgrades Microsoft (MSFT) to Hold
Microsoft (NASDAQ:MSFT) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued on Wednesday. They currently have a $93.54 price objective on the software giant’s stock. Vetr‘s price target would suggest a potential upside of 3.82% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Credit Suisse Group reiterated a “buy” rating and issued a $95.00 price target on shares of Microsoft in a report on Friday, October 27th. Morgan Stanley set a $88.00 price target on Microsoft and gave the company a “buy” rating in a report on Friday, October 27th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price target (up from $85.00) on shares of Microsoft in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus target price of $87.88.
Microsoft (MSFT) opened at $90.10 on Wednesday. Microsoft has a 52-week low of $62.19 and a 52-week high of $90.79. 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 capitalization of $695,080.00, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the previous year, the business earned $0.76 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts anticipate that Microsoft will post 3.39 earnings per share for the current year.
In other news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its position in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC increased its position in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the last quarter. Pacific Center for Financial Services increased its position in Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the last quarter. AlphaMark Advisors LLC increased its position in Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the last quarter. Finally, Family Capital Trust Co acquired a new position in Microsoft in the 4th quarter worth about $188,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
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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