Microsoft (MSFT) Downgraded by Vetr to “Hold”

Microsoft (NASDAQ:MSFT) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They presently have a $94.20 price objective on the software giant’s stock. Vetr‘s price target would indicate a potential upside of 3.14% from the company’s current price.

Several other research firms also recently weighed in on MSFT. Sanford C. Bernstein reissued an “outperform” rating and set a $118.00 target price (up previously from $109.00) on shares of Microsoft in a research report on Thursday, February 1st. UBS Group set a $110.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, February 1st. Macquarie set a $95.00 target price on shares of Microsoft and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Jefferies Group set a $62.00 target price on shares of Microsoft and gave the stock a “sell” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley boosted their target price on shares of Microsoft from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $99.09.

Microsoft (MSFT) traded up $3.33 during trading hours on Tuesday, reaching $91.33. 67,969,320 shares of the company’s stock traded hands, compared to its average volume of 26,880,000. The stock has a market cap of $704,570.00, a P/E ratio of 62.13, a PEG ratio of 2.19 and a beta of 1.06. Microsoft has a 12 month low of $63.14 and a 12 month high of $96.07. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. research analysts anticipate that Microsoft will post 3.59 earnings per share for the current fiscal year.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the sale, the executive vice president now owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock valued at $2,498,220 in the last ninety days. Insiders own 1.49% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Appropriate Balance Financial Services Inc. lifted its position in shares of Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares in the last quarter. Sun Life Financial INC acquired a new stake in shares of Microsoft during the first quarter worth about $45,178,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Microsoft during the fourth quarter worth about $103,000. Cerebellum GP LLC acquired a new stake in shares of Microsoft during the fourth quarter worth about $134,000. Finally, Acrospire Investment Management LLC lifted its position 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 worth $110,000 after purchasing an additional 1,200 shares in the last quarter. 73.22% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2018/02/06/microsoft-msft-downgraded-by-vetr-to-hold.html.

Microsoft 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply