Microsoft’s (MSFT) “Buy” Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Microsoft (NASDAQ:MSFTFree Report) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $586.00 price objective on the software giant’s stock.

A number of other analysts have also issued reports on MSFT. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research report on Monday, March 9th. Scotiabank reduced their price target on Microsoft from $650.00 to $600.00 and set a “sector outperform” rating for the company in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Microsoft from $630.00 to $575.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Mizuho dropped their price objective on Microsoft from $620.00 to $515.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Microsoft in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $575.34.

Check Out Our Latest Stock Analysis on Microsoft

Microsoft Price Performance

Shares of MSFT stock opened at $424.54 on Thursday. The firm has a fifty day simple moving average of $393.48 and a 200-day simple moving average of $450.61. The company has a market capitalization of $3.15 trillion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11. Microsoft has a twelve month low of $356.28 and a twelve month high of $555.45. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.09.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The software giant reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.86 by $0.28. Microsoft had a net margin of 39.04% and a return on equity of 32.34%. The firm had revenue of $81.27 billion for the quarter, compared to the consensus estimate of $80.28 billion. During the same quarter in the previous year, the firm posted $3.23 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Microsoft will post 16.54 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 21st. Microsoft’s payout ratio is currently 22.76%.

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 12,321 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $409.52, for a total transaction of $5,045,695.92. Following the transaction, the executive vice president owned 137,933 shares of the company’s stock, valued at $56,486,322.16. This trade represents a 8.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John W. Stanton bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average price of $397.35 per share, with a total value of $1,986,750.00. Following the transaction, the director owned 83,905 shares in the company, valued at approximately $33,339,651.75. This represents a 6.34% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Microsoft

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Microsoft by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 717,942,580 shares of the software giant’s stock worth $347,211,391,000 after acquiring an additional 15,955,898 shares during the period. State Street Corp boosted its stake in Microsoft by 2.1% in the fourth quarter. State Street Corp now owns 306,150,608 shares of the software giant’s stock valued at $148,060,557,000 after acquiring an additional 6,388,930 shares during the period. Geode Capital Management LLC boosted its stake in Microsoft by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 182,618,400 shares of the software giant’s stock valued at $88,056,019,000 after acquiring an additional 1,911,142 shares during the period. Morgan Stanley grew its holdings in shares of Microsoft by 0.8% during the fourth quarter. Morgan Stanley now owns 121,220,561 shares of the software giant’s stock valued at $58,624,690,000 after purchasing an additional 980,439 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Microsoft during the fourth quarter valued at approximately $50,664,631,000. Institutional investors own 71.13% of the company’s stock.

More Microsoft News

Here are the key news stories impacting Microsoft this week:

About Microsoft

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Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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