Deutsche Bank AG Reiterates “Buy” Rating for Microsoft Corporation (MSFT)
Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank AG in a research note issued on Friday. They presently have a $100.00 price target on the software giant’s stock. Deutsche Bank AG’s target price points to a potential upside of 18.85% from the company’s previous close.
Several other equities research analysts also recently weighed in on the company. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morningstar, Inc. reissued a “neutral” rating on shares of Microsoft Corporation in a report on Monday, October 16th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a report on Monday, July 10th. Finally, Zacks Investment Research downgraded Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, ten 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 $83.02.
Microsoft Corporation (MSFT) traded up $0.96 during midday trading on Friday, hitting $84.14. The company had a trading volume of 17,569,120 shares, compared to its average volume of 21,712,110. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $86.20. The firm has a market cap of $649,105.56, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter last year, the business posted $0.76 EPS. Microsoft Corporation’s revenue for the quarter was up 11.7% on a year-over-year basis. equities research analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current year.
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In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold a total of 7,096,763 shares of company stock worth $515,160,712 in the last three months. Insiders own 1.49% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC raised its holdings in Microsoft Corporation by 300.0% during 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 during the period. Hefty Wealth Partners raised its holdings in Microsoft Corporation by 65.6% during 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 during the period. Asset Planning Services Ltd. raised its holdings in Microsoft Corporation by 93.0% during 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 during the period. Ullmann Financial Group Inc. bought a new stake in Microsoft Corporation during the 1st quarter valued at $132,000. Finally, Stelac Advisory Services LLC raised its holdings in Microsoft Corporation by 23.5% during 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 during the period. 73.35% 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.
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