Microsoft Corporation (NASDAQ:MSFT) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other research firms have also recently issued reports on MSFT. Vetr upgraded Microsoft Corporation from a “sell” rating to a “hold” rating and set a $82.07 price target on the stock in a report on Tuesday. Stifel Nicolaus increased their target price on Microsoft Corporation from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp reissued a “buy” rating and issued a $94.00 target price on shares of Microsoft Corporation in a research note on Friday. Barclays PLC reissued an “overweight” rating and issued a $89.00 target price (up previously from $82.00) on shares of Microsoft Corporation in a research note on Friday. Finally, Credit Suisse Group reissued a “buy” rating and issued a $95.00 target price on shares of Microsoft Corporation in a research note on Friday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $81.49.

Shares of Microsoft Corporation (MSFT) opened at 83.89 on Tuesday. The firm has a 50-day moving average of $76.36 and a 200 day moving average of $72.24. The company has a market capitalization of $646.14 billion, a PE ratio of 30.96 and a beta of 1.01. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. On average, equities research analysts expect that Microsoft Corporation will post $3.35 earnings per share for the current fiscal year.

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In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation 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 completion of the transaction, the insider now directly owns 537,519 shares of the company’s stock, valued at $39,776,406. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,081,763 shares of company stock valued at $513,899,512. 1.49% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC raised its holdings in Microsoft Corporation by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares in the last quarter. Hefty Wealth Partners raised its holdings in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after acquiring an additional 653 shares in the last quarter. Asset Planning Services Ltd. raised its holdings in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after acquiring an additional 837 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in Microsoft Corporation in the 1st quarter valued at $132,000. Finally, Stelac Advisory Services LLC raised its holdings in Microsoft Corporation by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares in the last quarter. 73.35% of the stock is owned by hedge funds and other 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.

The Fly

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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