Microsoft (NASDAQ:MSFT) Research Coverage Started at Cowen

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Cowen began coverage on shares of Microsoft (NASDAQ:MSFT) in a research report released on Thursday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $150.00 price target on the software giant’s stock.

A number of other equities research analysts have also recently issued reports on MSFT. Stifel Nicolaus reiterated a buy rating and set a $2,300.00 price objective on shares of Amazon.com in a research note on Monday, April 22nd. Wedbush upped their price objective on Mastercard from $261.00 to $287.00 and gave the stock an outperform rating in a research note on Thursday, June 13th. Mizuho upped their price objective on Facebook from $210.00 to $230.00 and gave the stock a buy rating in a research note on Thursday, April 25th. Morgan Stanley dropped their price target on RPC from $12.00 to $9.50 and set an underperform rating on the stock in a research note on Thursday, April 25th. Finally, Credit Suisse Group set a $180.00 price target on Accenture and gave the company a hold rating in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have issued a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $138.14.

Shares of Microsoft stock opened at $138.90 on Thursday. Microsoft has a 12-month low of $93.96 and a 12-month high of $139.22. The company has a market cap of $1,064.37 billion, a PE ratio of 35.80, a P/E/G ratio of 2.50 and a beta of 1.21. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $132.11.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The company had revenue of $30.57 billion for the quarter, compared to analysts’ expectations of $29.86 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. Analysts forecast that Microsoft will post 4.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is 47.42%.

In other Microsoft news, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $128.87, for a total value of $386,610.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 15,947 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $133.17, for a total value of $2,123,661.99. Following the completion of the transaction, the executive vice president now directly owns 202,518 shares in the company, valued at $26,969,322.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,247 shares of company stock worth $28,204,754. Insiders own 1.38% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Microsoft by 20.4% during the 3rd quarter. Pacer Advisors Inc. now owns 733,751 shares of the software giant’s stock worth $83,919,000 after purchasing an additional 124,082 shares during the last quarter. Lucia Wealth Services LLC raised its holdings in Microsoft by 3.6% in the 3rd quarter. Lucia Wealth Services LLC now owns 114,051 shares of the software giant’s stock valued at $13,044,000 after acquiring an additional 3,945 shares during the last quarter. Vident Investment Advisory LLC raised its holdings in Microsoft by 10.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 28,204 shares of the software giant’s stock valued at $3,226,000 after acquiring an additional 2,701 shares during the last quarter. Banco de Sabadell S.A raised its holdings in Microsoft by 33.4% in the 3rd quarter. Banco de Sabadell S.A now owns 259,659 shares of the software giant’s stock valued at $29,698,000 after acquiring an additional 65,061 shares during the last quarter. Finally, Knowledge Leaders Capital LLC raised its holdings in Microsoft by 1.8% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 45,838 shares of the software giant’s stock valued at $5,242,000 after acquiring an additional 808 shares during the last quarter. 72.04% of the stock is currently owned by institutional investors.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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