Microsoft (NASDAQ:MSFT) Stock Rating Lowered by BidaskClub

Microsoft (NASDAQ:MSFT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday, BidAskClub reports.

Other equities analysts have also issued reports about the company. Tigress Financial reissued a “buy” rating on shares of Microsoft in a report on Friday, July 31st. Royal Bank of Canada set a $230.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Stifel Nicolaus increased their price objective on Microsoft from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wedbush increased their price objective on Microsoft from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Finally, Credit Suisse Group set a $225.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $216.72.

NASDAQ:MSFT opened at $200.39 on Friday. The firm has a market capitalization of $1,516.48 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89. The stock has a 50 day moving average of $212.55 and a 200-day moving average of $188.20. Microsoft has a 52 week low of $132.52 and a 52 week high of $232.86. The company has a current ratio of 2.52, a quick ratio of 2.49 and a debt-to-equity ratio of 0.50.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The company had revenue of $38.03 billion during the quarter, compared to analyst estimates of $36.59 billion. As a group, analysts predict that Microsoft will post 6.39 EPS for the current fiscal year.

In other Microsoft news, CMO Christopher C. Capossela sold 23,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total transaction of $4,846,100.00. Following the completion of the sale, the chief marketing officer now directly owns 122,943 shares in the company, valued at $25,904,090.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 30,871 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $209.90, for a total transaction of $6,479,822.90. Following the completion of the sale, the executive vice president now owns 176 shares of the company’s stock, valued at approximately $36,942.40. The disclosure for this sale can be found here. Insiders have sold 164,067 shares of company stock valued at $35,247,737 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtus ETF Advisers LLC increased its holdings in shares of Microsoft by 230.5% during the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock worth $40,000 after buying an additional 136 shares in the last quarter. Selective Wealth Management Inc. lifted its position in Microsoft by 26.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after acquiring an additional 50 shares in the last quarter. Virtus Alternative Investment Advisers Inc. bought a new stake in Microsoft in the 2nd quarter valued at $48,000. Strategic Wealth Management Inc. bought a new stake in Microsoft in the 2nd quarter valued at $125,000. Finally, FAI Wealth Management lifted its position in Microsoft by 26.3% in the 2nd quarter. FAI Wealth Management now owns 726 shares of the software giant’s stock valued at $147,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

About Microsoft

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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