Microsoft Corporation (MSFT) is Reiterated by BMO Capital Markets to Outperform, Raises Price Target to $ 62

Microsoft Corporation (MSFT) was Reiterated by BMO Capital Markets to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 62 from a previous price target of $57 . BMO Capital Markets advised their investors in a research report released on Jul 20, 2016.

Many Wall Street Analysts have commented on Microsoft Corporation. Shares were Reiterated by BMO Capital Markets on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 57 from a previous price target of $58 .

On the company’s financial health, Microsoft Corporation reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.58. The company had revenue of $22642.00 million for the quarter, compared to analysts expectations of $22137.35 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Microsoft Corporation opened for trading at $53.7 and hit $54.34 on the upside on Monday, eventually ending the session at $53.96, with a gain of 0.48% or 0.26 points. The heightened volatility saw the trading volume jump to 3,14,33,864 shares. Company has a market cap of $424,151 M.

Investors should note that on Jun 14, 2016, Microsoft Corporation announced a cash dividend of $0.3600. The company’s management has announced Aug 16, 2016 as the ex-dividend date and fixed the record date on Aug 18, 2016. The payable date has been fixed on Sep 8, 2016.

In a different news, on May 20, 2016, Christopher C Capossela (EVP, Chief Marketing Officer) sold 5,337 shares at $50.89 per share price. According to the SEC, on May 6, 2016, Kathleen T Hogan (EVP, Human Resources) sold 17,500 shares at $50.04 per share price. On May 2, 2016, William H Iii Gates (director) sold 5,300,000 shares at $50.24 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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