Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating reissued by equities researchers at Global Equities Research in a report released on Tuesday. They presently have a $75.00 price target on the software giant’s stock. Global Equities Research’s price target indicates a potential upside of 7.48% from the company’s previous close.

Several other brokerages have also recently issued reports on MSFT. Pacific Crest reissued a “buy” rating and issued a $78.00 price objective (up from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Microsoft Corporation in a research note on Friday, March 17th. Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price target on the stock. in a research note on Tuesday, May 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Microsoft Corporation in a research note on Monday, May 29th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on shares of Microsoft Corporation from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $69.77.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

Shares of Microsoft Corporation (NASDAQ MSFT) traded up 1.22% during mid-day trading on Tuesday, reaching $70.63. 7,056,515 shares of the company were exchanged. Microsoft Corporation has a 12 month low of $48.03 and a 12 month high of $72.89. The stock has a 50 day moving average price of $69.35 and a 200-day moving average price of $65.18. The stock has a market capitalization of $545.30 billion, a P/E ratio of 31.17 and a beta of 0.99.

Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $23.62 billion. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. Analysts predict that Microsoft Corporation will post $3.03 earnings per share for the current year.

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In other news, EVP Christopher C. Capossela sold 3,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the sale, the executive vice president now directly owns 216,507 shares in the company, valued at approximately $14,962,798.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,060,786 shares of company stock valued at $831,893,332 over the last 90 days. Corporate insiders own 2.99% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Microsoft Corporation by 2.6% in the first quarter. Vanguard Group Inc. now owns 538,998,598 shares of the software giant’s stock worth $35,498,448,000 after buying an additional 13,602,891 shares during the last quarter. State Street Corp increased its position in shares of Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after buying an additional 2,552,473 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Microsoft Corporation by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 178,592,140 shares of the software giant’s stock worth $10,286,907,000 after buying an additional 517,111 shares during the last quarter. FMR LLC increased its position in shares of Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock worth $11,020,210,000 after buying an additional 17,606,133 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Microsoft Corporation by 7.8% in the first quarter. Geode Capital Management LLC now owns 80,250,708 shares of the software giant’s stock worth $5,278,327,000 after buying an additional 5,824,451 shares during the last quarter. 72.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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