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MICROS Systems (NASDAQ:MCRS) was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

A number of other firms have also recently commented on MCRS. Analysts at Wedbush downgraded shares of MICROS Systems from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at RBC Capital downgraded shares of MICROS Systems from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. They now have a $68.00 price target on the stock, up previously from $63.00. Finally, analysts at Needham & Company LLC downgraded shares of MICROS Systems from a “buy” rating to a “hold” rating in a research note on Monday. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.67.

MICROS Systems (NASDAQ:MCRS) traded down 0.07% during mid-day trading on Tuesday, hitting $67.93. The stock had a trading volume of 1,037,571 shares. MICROS Systems has a 52 week low of $41.78 and a 52 week high of $70.24. The stock has a 50-day moving average of $54.81 and a 200-day moving average of $54.61. The company has a market cap of $5.083 billion and a price-to-earnings ratio of 31.47.

MICROS Systems (NASDAQ:MCRS) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.07. The company had revenue of $349.00 million for the quarter, compared to the consensus estimate of $331.04 million. During the same quarter last year, the company posted $0.62 earnings per share. MICROS Systems’s revenue was up 10.8% compared to the same quarter last year. On average, analysts predict that MICROS Systems will post $2.55 earnings per share for the current fiscal year.

In other MICROS Systems news, EVP Kaweh Niroomand sold 55,500 shares of the stock on the open market in a transaction dated Friday, June 13th. The shares were sold at an average price of $55.00, for a total transaction of $3,052,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

MICROS Systems, Inc (NASDAQ:MCRS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.

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