Published: Fri, May 19, 2017
Sci-tech | By Carrie Guzman

L & S Advisors Inc Acquires New Stake in Microsoft Co. (MSFT)


Microsoft Corporation (NASDAQ:MSFT) has risen 6.00% since April 18, 2017 and is uptrending. $225.54 million flowed into the stock on the tick-up and $324.60 million flowed out of the stock on the tick-down, for a money net flow of $99.06 million out of the stock. Also, insider Jean Philippe Courtois sold 26,694 shares of the business's stock in a transaction that occurred on Wednesday, May 3rd. Stock's minimum price target estimates has been figured out at $45 while the maximum price target forecast is established at $90, if we look at the price target with an optimistic approach it has upside potential of 32% from its latest closing price of $69.41. The Company has 52-week high of $69.71 and 52-week low of $47.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

In other Microsoft news, insider G Mason Morfit sold 4,616,000 shares of the business's stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $68.90, for a total value of $172,250,000.00. The disclosure for this sale can be found here. Kanawha Mngmt Limited Liability Com owns 234,962 shares or 2.45% of their USA portfolio.

A number of research firms have recently issued reports on MSFT. Jefferies maintained the shares of MSFT in report on Friday, January 29 with "Underperform" rating. JJJ Advisors Inc. bought a new position in shares of Microsoft during the fourth quarter worth about $186,000. Deutsche Bank AG upped their target price on shares of Microsoft from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, May 12th. Finally, JPMorgan Chase & Co. set a $59.00 price target on shares of Microsoft and gave the company a "neutral" rating in a research note on Wednesday, January 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Microsoft Corporation has far performed well this year, with the share price up 9.25% since January. The company has market cap of $537.68 billion.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 27th. The stock of Microsoft Corporation (NASDAQ:MSFT) has "Buy" rating given on Tuesday, April 19 by Nomura. The firm had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $23.62 billion. During the same quarter a year ago, the business posted $0.62 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter past year. Equities analysts anticipate that Microsoft Co. will post $3.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, May 16th. Clean Yield Grp reported 1.06% in Microsoft Corporation (NASDAQ:MSFT). Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 2.80. Trust Co. of Vermont boosted its stake in shares of Microsoft by 7.3% in the third quarter.

Tornado touches down in Oklahoma, no injuries reported
Friday night, there is an 80 percent chance of showers and thunderstorms, with a low of 60, according to the weather service. Storm chances stick around in Eastern Oklahoma, but the severe threat will be lower than that of Thursday and Friday .

The volume of the particular stock is the shares bought and sold in a single trading day.

ILLEGAL ACTIVITY WARNING: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Shinko Asset Management Co. It also reduced its holding in Ingersoll (NYSE:IR) by 333,507 shares in the quarter, leaving it with 21,463 shares, and cut its stake in Kansas City Southern (NYSE:KSU). The firm purchased 40,000 shares of the software giant's stock, valued at approximately $2,486,000. The Parthenon Llc holds 418,269 shares with $25.99M value, down from 424,001 last quarter. Cpcm LLC acquired a new stake in Microsoft during the fourth quarter worth about $16,824,000. Cantab Capital Partners LLP now owns 33,051 shares of the software giant's stock worth $2,054,000 after buying an additional 6,664 shares in the last quarter. Jensen owns 5.91 million shares. Abner Herrman And Brock Limited Liability Company invested 3.01% in Microsoft Corporation (NASDAQ:MSFT).

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another site, it was illegally copied and republished in violation of US & worldwide copyright and trademark laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/05/18/microsoft-co-msft-given-a-66-00-price-target-at-atlantic-securities-updated-updated.html.

In case of Revenue Estimates, 24260000 analysts have provided their consensus Average Revenue Estimates for Microsoft Corporation as 26000.

Like this: