Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued on Friday.

Other research analysts also recently issued research reports about the stock. Deutsche Bank AG raised their target price on shares of Microsoft Corporation from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $71.49 target price for the company in a research report on Thursday, May 11th. Canaccord Genuity reaffirmed a “buy” rating and issued a $68.00 target price on shares of Microsoft Corporation in a research report on Monday, May 22nd. Global Equities Research reaffirmed a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a research report on Tuesday, June 13th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $76.66.

Shares of Microsoft Corporation (MSFT) opened at 73.98 on Friday. The company has a market capitalization of $569.81 billion, a PE ratio of 27.30 and a beta of 1.00. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.96. The company has a 50-day moving average of $73.10 and a 200-day moving average of $69.19.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. On average, analysts anticipate that Microsoft Corporation will post $3.22 earnings per share for the current year.

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In other news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,108,526 shares of company stock worth $515,879,974. Insiders own 2.99% of the company’s stock.

Several large investors have recently bought and sold shares of MSFT. Empire Life Investments Inc. bought a new stake in shares of Microsoft Corporation in the 4th quarter valued at $26,822,000. RB Capital Management LLC acquired a new position in shares of Microsoft Corporation during the 4th quarter valued at $453,000. Lebenthal Asset Management LLC lifted its position in shares of Microsoft Corporation by 1.0% during the 4th quarter. Lebenthal Asset Management LLC now owns 137,314 shares of the software giant’s stock valued at $8,533,000 after acquiring an additional 1,393 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Microsoft Corporation during the 4th quarter valued at $371,918,000. Finally, Castleark Management LLC lifted its position in shares of Microsoft Corporation by 47.7% during the 4th quarter. Castleark Management LLC now owns 915,124 shares of the software giant’s stock valued at $56,866,000 after acquiring an additional 295,674 shares during the period. 73.47% of the stock is currently owned by institutional investors.

Microsoft Corporation Company Profile

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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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