Fundamental Research Reaffirms “Hold” Rating for Microsoft (NASDAQ:MSFT)

Fundamental Research reiterated their hold rating on shares of Microsoft (NASDAQ:MSFTGet Rating) in a report released on Wednesday morning, MarketBeat reports. They currently have a $280.50 price objective on the software giant’s stock.

MSFT has been the subject of several other reports. Cowen cut their target price on shares of Microsoft from $330.00 to $320.00 and set an outperform rating for the company in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Microsoft from $350.00 to $330.00 and set a buy rating for the company in a report on Wednesday, July 27th. Barclays lowered their target price on shares of Microsoft from $363.00 to $335.00 and set an overweight rating on the stock in a research note on Friday, June 10th. Wells Fargo & Company lowered their target price on shares of Microsoft from $400.00 to $350.00 and set an overweight rating on the stock in a research note on Monday, July 25th. Finally, Royal Bank of Canada set a $380.00 target price on shares of Microsoft in a research note on Thursday, May 19th. One research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of Moderate Buy and a consensus price target of $335.72.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $282.91 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Microsoft has a 12 month low of $241.51 and a 12 month high of $349.67. The company has a 50 day simple moving average of $262.96 and a two-hundred day simple moving average of $280.24. The stock has a market cap of $2.11 trillion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.39 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the firm earned $2.17 EPS. As a group, analysts predict that Microsoft will post 10.14 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.88%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

Institutional Trading of Microsoft

A number of institutional investors and hedge funds have recently bought and sold shares of MSFT. Cedar Brook Financial Partners LLC increased its stake in Microsoft by 6.0% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after purchasing an additional 931 shares during the period. ACT Wealth Management LLC increased its stake in Microsoft by 0.8% during the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after purchasing an additional 34 shares during the period. Mattern Wealth Management LLC increased its stake in Microsoft by 1.0% during the fourth quarter. Mattern Wealth Management LLC now owns 52,156 shares of the software giant’s stock worth $17,541,000 after purchasing an additional 497 shares during the period. Zevin Asset Management LLC increased its stake in Microsoft by 3.5% during the fourth quarter. Zevin Asset Management LLC now owns 56,834 shares of the software giant’s stock worth $19,115,000 after purchasing an additional 1,910 shares during the period. Finally, Regent Investment Management LLC increased its stake in Microsoft by 3.3% during the fourth quarter. Regent Investment Management LLC now owns 58,267 shares of the software giant’s stock worth $19,596,000 after purchasing an additional 1,885 shares during the period. 69.99% of the stock is currently owned by hedge funds and other institutional investors.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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