Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “hold” rating reiterated by stock analysts at Canaccord Genuity in a research report issued to clients and investors on Friday. They presently have a $76.00 price target on the software giant’s stock. Canaccord Genuity’s price objective would indicate a potential upside of 0.92% from the stock’s previous close.

Several other brokerages have also recently weighed in on MSFT. Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price target on the stock. in a research report on Tuesday. UBS AG reaffirmed a “buy” rating and issued a $82.00 price target (up previously from $73.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Barclays PLC reissued an “overweight” rating and set a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. BMO Capital Markets lifted their target price on shares of Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.72.

Microsoft Corporation (MSFT) traded up 0.72% during mid-day trading on Friday, reaching $75.31. The company had a trading volume of 38,578,441 shares. The company has a market capitalization of $580.06 billion, a P/E ratio of 27.79 and a beta of 1.00. The stock has a 50 day moving average price of $73.27 and a 200 day moving average price of $69.57. Microsoft Corporation has a one year low of $56.32 and a one year high of $75.49.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Microsoft Corporation will post $3.14 earnings per share for the current fiscal year.

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In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 in the last quarter. Company insiders own 2.99% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Northstar Group Inc. raised its position in shares of Microsoft Corporation by 0.3% in the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after purchasing an additional 12 shares in the last quarter. Gierl Augustine Investment Management Inc raised its position in shares of Microsoft Corporation by 0.3% in the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after purchasing an additional 13 shares in the last quarter. New Capital Management LP raised its position in shares of Microsoft Corporation by 0.5% in the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after purchasing an additional 22 shares in the last quarter. Nottingham Advisors Inc. raised its position in shares of Microsoft Corporation by 0.4% in the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after purchasing an additional 22 shares in the last quarter. Finally, American Economic Planning Group Inc. ADV raised its position in shares of Microsoft Corporation by 0.5% in the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after purchasing an additional 23 shares in the last quarter. 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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