Microsoft Sees Significant Decline in Short Interest (MSFT)
Microsoft (NASDAQ:MSFT) was the target of a significant drop in short interest during the month of May. As of May 30th, there was short interest totalling 77,254,371 shares, a drop of 2.8% from the May 15th total of 79,466,801 shares, Analyst Ratings.Net reports. Based on an average trading volume of 24,274,737 shares, the short-interest ratio is currently 3.2 days. Approximately 1.0% of the shares of the stock are short sold.
A number of research firms have recently commented on MSFT. Analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Thursday, June 12th. They now have a $43.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Microsoft in a research note on Thursday, June 12th. They now have a $41.00 price target on the stock, up previously from $35.00. Finally, analysts at FBR Capital Markets upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 5th. They now have a $49.00 price target on the stock, up previously from $43.00. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the stock. Microsoft has an average rating of “Hold” and a consensus target price of $38.99.
Shares of Microsoft (NASDAQ:MSFT) opened at 41.50 on Tuesday. Microsoft has a 1-year low of $30.84 and a 1-year high of $41.66. The stock’s 50-day moving average is $40.30 and its 200-day moving average is $38.57. The company has a market cap of $342.8 billion and a price-to-earnings ratio of 15.45.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.05. The company had revenue of $20.40 billion for the quarter, compared to the consensus estimate of $20.38 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts predict that Microsoft will post $2.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Tuesday, August 19th.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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