Microsoft Corporation (MSFT) Rating Increased to Buy at BidaskClub
Microsoft Corporation (NASDAQ:MSFT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
A number of other research analysts also recently commented on MSFT. BMO Capital Markets increased their price objective on shares of Microsoft Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. UBS AG restated a “buy” rating and issued a $82.00 price target (up from $73.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Canaccord Genuity increased their price objective on shares of Microsoft Corporation from $68.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Finally, Raymond James Financial, Inc. increased their price objective on shares of Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-eight have assigned a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and an average price target of $76.15.
Microsoft Corporation (NASDAQ MSFT) traded up 0.59% during mid-day trading on Wednesday, reaching $73.65. 18,150,402 shares of the company traded hands. The stock has a market capitalization of $567.27 billion, a PE ratio of 27.18 and a beta of 1.01. The stock has a 50-day moving average of $71.98 and a 200 day moving average of $68.17. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Microsoft Corporation will post $3.21 earnings per share for the current year.
In other news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last three months, insiders sold 7,057,855 shares of company stock worth $512,044,578. Insiders own 2.99% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. 3G Capital Partners LP raised its position in shares of Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock worth $99,955,000 after buying an additional 106,728 shares during the period. Tompkins Financial Corp raised its position in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after buying an additional 18,225 shares during the period. Wealthfront Inc. raised its position in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after buying an additional 31,364 shares during the period. AMF Pensionsforsakring AB raised its position in shares of Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock worth $408,862,000 after buying an additional 606,188 shares during the period. Finally, Dodge & Cox bought a new position in shares of Microsoft Corporation during the fourth quarter worth about $2,658,504,000. 72.64% 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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