Advisors Asset Management Inc. boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC.
Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $66.33 while their mean recommendation is 2.00 (1=Buy, 5=sell).
According to Zacks, "Microsoft's continuing enterprise strength, benefits from the Office 365 subscription model, strong growth prospects of Azure and promising new products will continue to generate top-line growth going ahead".
While MS believes LinkedIn adds further momentum to the story, increasing MS confidence in sustained double-digit EPS growth, the initial addition of the acquisition to consensus models, along with rising FX headwinds, raises the risk of negative EPS revisions on the Q2call. The recent acquisition of artificial intelligence startup Maluuba is a big positive for the company given the growing demand for artificial intelligence techniques throughout the world. (NASDAQ:TMUS) are 0.67%; 0.88% for the month; 23.4% for the last quarter; 28.58% for the past six-months; and 50.97% for the last 12 months. This year company's Earnings per Share (EPS) growth is 132.30% and next year's estimated EPS growth is -7.16%. Generally speaking, earnings are expected to fall in coming quarters. "Moreover, competition is stiff and the company's dominant position in the PC market continues to be challenged, which are concerns". Sell-side analyst recommendations point to a short term price target of $59.27 on the company shares.
12/15/2016 - Microsoft Corporation had its "buy" rating reiterated by analysts at UBS.
Wells Fargo began new coverage on Microsoft Corporation giving the company a "outperform" rating. Finally, Pacific Crest restated an overweight rating on shares of Microsoft Corporation in a research report on Saturday, January 7th. 15 said it's a Buy, 8 assigned Hold rating where 0 stated the stock as Underperform and 2 marked the stock as Sell. Credit Agricole SA reissued an "outperform" rating and set a $60.00 target price on shares of Microsoft Corp.in a research report on Wednesday, October 5th. 4,049,300 shares of the company traded hands. Looking at the stock's movement on the chart, Microsoft Corporation recorded a 52-week high of 64.10. The market capitalization of the company is at $485.49 Billion.
The (Simple Month Average) SMA20 is at -0.55 percent, its SMA50 Value is 2.06% and SMA200 value is reported as 11.76 Percent. Microsoft Corporation (NASDAQ:MSFT) has underperformed the index by 0.09% in the last 4 weeks. If you are accessing this story on another website, it was stolen and republished in violation of global trademark & copyright law.
11/17/2016 - Microsoft Corporation was upgraded to "buy" by analysts at Goldman Sachs.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. The ex-dividend date of this dividend is Tuesday, February 14th. Over the trailing year, the stock is outperforming the S&P 500 by 2.92, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange.
The P/E ratio was recorded at 29.90.The volatility in the previous week has experienced by 1.36% and observed of 1.26% in the previous month.72.50% ownership is held by institutional investors while insiders hold ownership of 2.40%. Also, insider Frank H. Brod sold 5,000 shares of the stock in a transaction on Thursday, October 27th.
In other news, EVP Christopher C. Capossela sold 18,583 shares of the business's stock in a transaction on Monday, November 14th. The number of shares now owned by investors are 7.76 bln. The shares were sold at an average price of $60.53, for a total transaction of $302,650.00. Following the completion of the sale, the executive vice president now directly owns 243,306 shares in the company, valued at approximately $14,252,865.48. The disclosure for this sale can be found here.
Several insiders were part of recent insider activity for the stock. Microsoft Corporation makes up approx 0.25% of Forte Capital Adv's portfolio.First National Bank Of Mount Dora Trust Investment Services boosted its stake in MSFT in the latest quarter, The investment management firm added 1,315 additional shares and now holds a total of 12,673 shares of Microsoft Corporation which is valued at $793,076.
When the current quarter ends, Wall Street expects Intel Corporation to have earnings per share of $0.74. CLS Investments LLC now owns 3,726 shares of the software giant's stock valued at $206,000 after buying an additional 3,206 shares during the period. The projected growth estimate for the next quarter is 13 percent. Puplava Financial Services Inc. now owns 107,466 shares of the software giant's stock valued at $5,499,000 after buying an additional 6,283 shares in the last quarter.