Economy

Canaccord Genuity Increases Microsoft Corporation (NASDAQ:MSFT) Price Target to $76.00

Acrospire Investment Management LLC now owns 1,600 shares of the software giant's stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. Poplar Forest Capital Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $558.34B market cap company.

The stock increased 3.81% or $1.65 during the last trading session, reaching $45. 11,395,130 shares of the stock traded hands. (NYSE:CRM) has risen 7.78% since August 11, 2016 and is uptrending. It has outperformed by 24.21% the S&P500.

Advisors Capital Management LLC acquired a new stake in Microsoft Corporation (NASDAQ:MSFT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Insiders sold 7,060,855 shares of company stock worth $512,251,908 in the last 90 days. Insiders own 2.99% of the company's stock. Dodge & Cox who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $559.03 billion market cap company.

Usca Ria Llc increased Johnson & Johnson (NYSE:JNJ) stake by 3,496 shares to 47,363 valued at $5.46 million in 2016Q4.

Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, July 20th. It has outperformed by 17.82% the S&P500. Therefore 38% are positive. Microsoft Corporation had 104 analyst reports since July 22, 2015 according to SRatingsIntel. Royal Bank Of Canada set a $77.00 price objective on shares of Microsoft Corporation and gave the company a "buy" rating in a report on Monday, July 10th. On Friday, March 11 the stock rating was maintained by UBS with "Buy". BidaskClub raised shares of Microsoft Corporation from a hold rating to a buy rating in a report on Tuesday, July 11th. Stifel Nicolaus upgraded the stock to "Buy" rating in Thursday, August 13 report. The firm has "Market Perform" rating given on Friday, January 6 by BMO Capital Markets. The stock presently has an average rating of "Buy" and a consensus target price of $76.15. Barclays Capital maintained it with "Overweight" rating and $60 target in Wednesday, January 6 report. The company was upgraded on Friday, October 21 by Wunderlich. Morfit G Mason had sold 4.62 million shares worth $297.28M on Tuesday, February 21.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,165 shares of Microsoft Corporation stock in a transaction on Thursday, May 25th. (NYSE:CRM) on Tuesday, February 21.

Investors sentiment increased to 0.95 in 2016 Q4. Its up 0.05, from 1.02 in 2016Q3. It improved, as 49 investors sold MSFT shares while 897 reduced holdings. Stelac Advisory Svcs Ltd Co reported 1,646 shares. Voloridge Invest Mngmt Limited Liability Com holds 0.38% or 281,101 shares. Private Ocean Ltd Liability owns 7,360 shares. Stonebridge Capital Mgmt Inc invested in 114,898 shares. The stock of Microsoft Corporation (NASDAQ:MSFT) has "Market Perform" rating given on Friday, April 1 by Cowen & Co. Seabridge Advisors Lc reported 1.2% stake. Nelson Roberts Advsr Ltd Liability Corporation stated it has 74,254 shares. California-based Guinness Atkinson Asset Management has invested 0.15% in Microsoft Corporation (NASDAQ:MSFT). Jennison Assocs Lc holds 2.68% or 38.61M shares in its portfolio. Krensavage Asset Management Limited Liability Corp has 1.06M shares. Moreover, Bell Bancshares has 1.74% invested in Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation comprises about 2.0% of Clarkston Capital Partners LLC's portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Microsoft Corporation's quarterly revenue was up 9.1% compared to the same quarter previous year. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: "Microsoft disagrees with Consumer Reports decision on Surface devices" published on August 11, 2017 as well as Seekingalpha.com's news article titled: "Kaspersky drops antitrust claim against Microsoft" with publication date: August 10, 2017.

Another recent and important VeriFone Systems Inc (NYSE:PAY) news was published by Prnewswire.com which published an article titled: "Stocks Under Scanner in the Business Equipment Space - VeriFone Systems ..." on August 07, 2017. The firm had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. We believe that the company's expanding product portfolio is a key catalyst in the long haul.

1832 Asset Management Lp decreased Lauder Estee Cos Inc (NYSE:EL) stake by 36,157 shares to 902,335 valued at $76.17M in 2016Q4. It also increased its holding in Pacific Premier Bancorp Inc. Hefty Wealth Partners boosted its position in Microsoft Corporation by 65.6% in the second quarter. $173.51 million worth of stock was sold by GATES WILLIAM H III on Tuesday, May 2. Company insiders own 2.99% of the company's stock. It also upped Citigroup Inc (NYSE:C) stake by 144,614 shares and now owns 1.70 million shares. About 16.77 million shares traded. Roos John Victor sold 194 shares worth $16,558. During the same period previous year, the company earned $0.69 earnings per share. The software giant reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.27. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the company. Therefore 71% are positive. The firm now has an outperform rating on the software giant's stock. Mizuho maintained the shares of UNH in report on Friday, November 20 with "Buy" rating. BMO Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, January 27. Morningstar, Inc. reissued a buy rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. (NASDAQ:CCRN) earned "Buy" rating by Cantor Fitzgerald on Friday, November 6. The stock of Cross Country Healthcare, Inc. The rating was downgraded by Stifel Nicolaus on Friday, December 2 to "Hold".

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