Microsoft Corp. (MSFT) Upgraded to “Buy” at Vetr Inc.
Microsoft Corp. (NASDAQ:MSFT) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $59.95 target price on the software giant’s stock. Vetr‘s price objective suggests a potential upside of 4.83% from the stock’s current price.
A number of other research firms have also weighed in on MSFT. Deutsche Bank AG reiterated a “buy” rating and issued a $65.00 target price on shares of Microsoft Corp. in a research note on Wednesday, September 28th. Cowen and Company reiterated an “outperform” rating and issued a $60.00 target price on shares of Microsoft Corp. in a research note on Friday, September 30th. Macquarie reissued a “neutral” rating and set a $54.00 price target on shares of Microsoft Corp. in a research report on Friday, September 23rd. Credit Agricole SA reissued an “outperform” rating and set a $60.00 price target on shares of Microsoft Corp. in a research report on Wednesday, October 5th. Finally, Pacific Crest reissued a “buy” rating and set a $65.00 price target on shares of Microsoft Corp. in a research report on Tuesday, September 13th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.42.
Microsoft Corp. (NASDAQ:MSFT) traded down 1.46% during trading on Tuesday, hitting $57.19. The stock had a trading volume of 26,497,418 shares. The stock’s 50-day moving average is $57.48 and its 200-day moving average is $54.39. The stock has a market capitalization of $445.65 billion, a PE ratio of 27.23 and a beta of 1.09. Microsoft Corp. has a 52-week low of $46.53 and a 52-week high of $58.70.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/microsoft-corp-msft-upgraded-to-buy-at-vetr-inc.html
Microsoft Corp. (NASDAQ:MSFT) last released its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter last year, the firm posted $0.60 earnings per share. On average, analysts predict that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.39 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.73%. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is currently 70.24%.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the sale, the chief executive officer now owns 1,200,822 shares in the company, valued at $69,611,651.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 120,000 shares of Microsoft Corp. stock in a transaction on Monday, August 8th. The shares were sold at an average price of $57.86, for a total value of $6,943,200.00. Following the completion of the sale, the chief financial officer now owns 523,425 shares in the company, valued at approximately $30,285,370.50. The disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Koshinski Asset Management Inc. increased its stake in Microsoft Corp. by 6.6% in the first quarter. Koshinski Asset Management Inc. now owns 17,670 shares of the software giant’s stock worth $972,000 after buying an additional 1,095 shares in the last quarter. Donald L. Hagan LLC increased its stake in Microsoft Corp. by 0.8% in the first quarter. Donald L. Hagan LLC now owns 25,735 shares of the software giant’s stock valued at $1,421,000 after buying an additional 192 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in Microsoft Corp. by 14.7% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 31,213 shares of the software giant’s stock valued at $1,724,000 after buying an additional 4,000 shares in the last quarter. Gierl Augustine Investment Management Inc increased its stake in Microsoft Corp. by 95.0% in the first quarter. Gierl Augustine Investment Management Inc now owns 7,728 shares of the software giant’s stock valued at $427,000 after buying an additional 3,765 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in Microsoft Corp. by 2.2% in the first quarter. Capital Investment Advisors LLC now owns 94,670 shares of the software giant’s stock valued at $5,229,000 after buying an additional 2,043 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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.
Receive News & Ratings for Microsoft Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corp. and related companies with MarketBeat.com's FREE daily email newsletter.