Microsoft Corporation (MSFT) Upgraded at Vetr Inc.
Microsoft Corporation (NASDAQ:MSFT) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a $77.30 target price on the software giant’s stock. Vetr‘s price objective would indicate a potential upside of 4.49% from the company’s previous close.
MSFT has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $78.00 price objective on shares of Microsoft Corporation in a report on Tuesday, May 9th. Bank of America Corporation reiterated a “buy” rating and issued a $75.00 price objective on shares of Microsoft Corporation in a report on Friday, June 16th. Stifel Nicolaus reissued a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research note on Monday, July 17th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Finally, Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $76.66.
Microsoft Corporation (MSFT) traded down 0.48% during mid-day trading on Wednesday, reaching $73.98. The company had a trading volume of 14,703,816 shares. The stock has a market capitalization of $252.07 billion, a P/E ratio of 27.30 and a beta of 1.00. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.96. The stock has a 50 day moving average price of $73.10 and a 200-day moving average price of $69.19.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
In other news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,108,526 shares of company stock worth $515,879,974. Insiders own 2.99% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Microsoft Corporation by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter. State Street Corp increased its position in shares of Microsoft Corporation by 0.8% during the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares in the last quarter. Norges Bank acquired a new position in shares of Microsoft Corporation during the fourth quarter worth $4,334,099,000. Capital Research Global Investors increased its position in shares of Microsoft Corporation by 212.3% during 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 purchasing an additional 47,353,245 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Microsoft Corporation by 609.4% during 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 purchasing an additional 42,243,011 shares in the last quarter. 73.47% 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.
To view Vetr’s full report, visit Vetr’s official website.
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