Microsoft Corporation (MSFT) is Reiterated by BMO Capital Markets to Outperform, Lowers Price Target to $ 57

Microsoft Corporation (MSFT) was Reiterated by BMO Capital Markets to “Outperform” while Lowering the Price Target of the company shares to $ 57 from a previous price target of $58 . BMO Capital Markets advised their investors in a research report released on Apr 22, 2016.

Many Wall Street Analysts have commented on Microsoft Corporation. Microsoft Corporation was Initiated by Macquarie to “Neutral” on Mar 4, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 63 from a previous price target of $65 .Company shares were Reiterated by FBN Securities on Feb 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $65 .

On the company’s financial health, Microsoft Corporation reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.64. The company had revenue of $22076.00 million for the quarter, compared to analysts expectations of $22107.44 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Microsoft Corporation opened for trading at $55.8 and hit $56.23 on the upside on Wednesday, eventually ending the session at $55.78, with a gain of 0.34% or 0.19 points. The heightened volatility saw the trading volume jump to 3,89,09,096 shares. Company has a market cap of $441,181 M.

Investors should note that on Mar 15, 2016, Microsoft Corporation announced a cash dividend of $0.3600. The company’s management has announced May 17, 2016 as the ex-dividend date and fixed the record date on May 19, 2016. The payable date has been fixed on Jun 9, 2016.

In a different news, on Feb 10, 2016, Christopher C Capossela (EVP, Chief Marketing Officer) sold 5,000 shares at $50.00 per share price. According to the SEC, on Feb 8, 2016, William H Iii Gates (director) sold 3,000,000 shares at $51.45 per share price. On Feb 2, 2016, Frank H Brod (Chief Accounting Officer) sold 4,000 shares at $54.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Microsoft Corporation is engaged in developing licensing and supporting a range of software products and services. The Company also designs and sells hardware and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing D&C Hardware D&C Other Commercial Licensing and Commercial Other. The Company’s products include operating systems for computing devices servers phones and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

Microsoft Corporation

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