Nomura Initiates Coverage on Microsoft (MSFT)

Equities research analysts at Nomura assumed coverage on shares of Microsoft (NASDAQ:MSFT) in a report issued on Tuesday, The Fly reports. The brokerage set a “buy” rating and a $102.00 price target on the software giant’s stock. Nomura’s target price indicates a potential upside of 10.99% from the company’s previous close.

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Royal Bank of Canada set a $100.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus boosted their price objective on Microsoft from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday. Goldman Sachs Group set a $100.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Tuesday. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $95.00 price objective on shares of Microsoft in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have given a buy rating to the company. Microsoft presently has a consensus rating of “Buy” and an average target price of $89.49.

Shares of Microsoft (NASDAQ MSFT) traded up $0.29 during mid-day trading on Tuesday, reaching $91.90. The company’s stock had a trading volume of 22,460,000 shares, compared to its average volume of 22,940,000. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft has a 12-month low of $62.57 and a 12-month high of $92.30. The company has a market capitalization of $708,970.00, a P/E ratio of 31.05, a P/E/G ratio of 2.11 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last announced 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 had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. equities analysts forecast that Microsoft will post 3.39 EPS for the current year.

In related news, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Microsoft during the fourth quarter valued at $103,000. Acrospire Investment Management LLC lifted its holdings in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Microsoft during the fourth quarter valued at $134,000. Stelac Advisory Services LLC lifted its holdings in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares in the last quarter. Finally, Pacific Center for Financial Services lifted its holdings in shares of Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares in the last quarter. 73.18% of the stock is currently owned by hedge funds and other institutional investors.

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About Microsoft

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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