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Microsoft Co. (NASDAQ:MSFT – Get Rating) – Stock analysts at Oppenheimer cut their Q1 2023 earnings estimates for shares of Microsoft in a research note issued to investors on Tuesday, October 4th. Oppenheimer analyst T. Horan now expects that the software giant will post earnings per share of $2.28 for the quarter, down from their prior estimate of $2.29. Oppenheimer has a “Outperform” rating and a $275.00 price objective on the stock. The consensus estimate for Microsoft’s current full-year earnings is $10.14 per share. Oppenheimer also issued estimates for Microsoft’s Q2 2023 earnings at $2.44 EPS, Q3 2023 earnings at $2.35 EPS, Q4 2023 earnings at $2.47 EPS, FY2023 earnings at $9.54 EPS, FY2024 earnings at $11.04 EPS, FY2025 earnings at $12.82 EPS and FY2026 earnings at $14.68 EPS.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The business had revenue of $51.87 billion for the quarter, compared to analysts’ expectations of $52.31 billion. Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the business posted $2.17 EPS.
A number of other research analysts also recently issued reports on MSFT. Itau BBA Securities started coverage on shares of Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective on the stock. Stifel Nicolaus cut their price objective on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. UBS Group set a $330.00 price objective on shares of Microsoft in a research report on Thursday, September 15th. Barclays cut their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. Finally, Fundamental Research reiterated a “hold” rating and issued a $280.50 target price on shares of Microsoft in a research note on Wednesday, August 3rd. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $329.80.
Microsoft Stock Up 3.4 %
Shares of Microsoft stock opened at $248.88 on Wednesday. The firm’s 50 day moving average price is $264.53 and its 200-day moving average price is $269.65. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. Microsoft has a 52-week low of $232.73 and a 52-week high of $349.67. The company has a market cap of $1.86 trillion, a P/E ratio of 25.82, a PEG ratio of 2.03 and a beta of 0.97.
Institutional Investors Weigh In On Microsoft
A number of large investors have recently modified their holdings of MSFT. KB Financial Partners LLC boosted its position in shares of Microsoft by 0.5% during the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after acquiring an additional 35 shares during the last quarter. Valtinson Bruner Financial Planning LLC boosted its position in shares of Microsoft by 0.9% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after acquiring an additional 37 shares during the last quarter. Strategic Asset Management LLC boosted its position in shares of Microsoft by 5.9% during the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after acquiring an additional 37 shares during the last quarter. Virginia Wealth Management Group Inc. boosted its position in shares of Microsoft by 0.3% during the 1st quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after acquiring an additional 37 shares during the last quarter. Finally, Northwest Wealth Management LLC boosted its position in shares of Microsoft by 0.8% during the 1st quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Insider Buying and Selling
In other news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by insiders.
Microsoft Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is presently 25.73%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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