Oppenheimer Reiterates Outperform Rating on Microsoft (MSFT)

Oppenheimer analyst Timothy Horan reiterated an Outperform rating and $160.00 price target on Microsoft (NASDAQ: MSFT) following the company's announcement that it has increased its dividend by 11%. MSFT is raising its dividend by five cents from last quarter to $0.51.

In addition, management announced a massive $40B share buyback plan with no expiration. Oppenheimer keeps estimates, which expect $40B in share buy-backs over the next eight quarters, evenly split between each year.

For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.

Shares of Microsoft closed at $139.82 yesterday.

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