Microsoft Corporation (MSFT) Rating Reiterated by Evercore ISI
Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating reissued by investment analysts at Evercore ISI in a note issued to investors on Friday. They presently have a $80.00 target price on the software giant’s stock. Evercore ISI’s target price suggests a potential upside of 10.36% from the stock’s current price.
Several other brokerages have also commented on MSFT. Pacific Crest reaffirmed a “buy” rating and issued a $78.00 price objective (up previously from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Morningstar, Inc. reaffirmed a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price objective on the stock. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Microsoft Corporation in a research report on Monday, May 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have issued a buy rating to the stock. Microsoft Corporation currently has a consensus rating of “Buy” and an average target price of $76.26.
Shares of Microsoft Corporation (MSFT) traded up 0.12% during midday trading on Friday, reaching $72.49. 18,761,141 shares of the company’s stock traded hands. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42. The stock has a 50 day moving average of $72.05 and a 200-day moving average of $68.20. The stock has a market cap of $558.34 billion, a P/E ratio of 26.75 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that Microsoft Corporation will post $3.21 EPS for the current fiscal year.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now directly owns 214,080 shares in the company, valued at approximately $14,718,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,165 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the transaction, the insider now owns 570,843 shares of the company’s stock, valued at $39,388,167. The disclosure for this sale can be found here. Insiders sold a total of 7,057,855 shares of company stock valued at $512,044,578 over the last 90 days. Company insiders own 2.99% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Microsoft Corporation during the fourth quarter worth $4,334,099,000. Capital Research Global Investors increased its stake in Microsoft Corporation by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares in the last quarter. Dodge & Cox acquired a new stake in Microsoft Corporation during the fourth quarter worth $2,658,504,000. Janus Henderson Group PLC increased its stake in Microsoft Corporation by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Microsoft Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares in the last quarter. 72.64% of the stock is currently owned by hedge funds and other institutional investors.
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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