Microsoft (NASDAQ:MSFT)‘s stock had its “outperform” rating reissued by stock analysts at Wells Fargo & Co in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $100.00 price target on the software giant’s stock, up from their previous price target of $90.00. Wells Fargo & Co’s target price would indicate a potential upside of 11.61% from the company’s current price.
A number of other research analysts have also weighed in on the company. Barclays set a $95.00 target price on Microsoft and gave the stock an “overweight” rating in a report on Friday. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Oppenheimer boosted their target price on Microsoft to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Piper Jaffray Companies reissued a “buy” rating on shares of Microsoft in a report on Thursday, January 4th. Finally, ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have given a buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and an average target price of $86.97.
Microsoft (NASDAQ:MSFT) opened at $89.60 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The firm has a market capitalization of $691,070.00, a P/E ratio of 30.27, a P/E/G ratio of 2.09 and a beta of 0.99. Microsoft has a 1-year low of $62.03 and a 1-year high of $89.78.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. analysts anticipate that Microsoft will post 3.39 earnings per share for the current fiscal year.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares in the company, valued at approximately $15,797,141.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Nottingham Advisors Inc. raised its position in Microsoft by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after purchasing an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV increased its stake in shares of Microsoft by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after buying an additional 23 shares during the period. Carderock Capital Management Inc. increased its stake in shares of Microsoft by 0.7% in the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after buying an additional 26 shares during the period. Appropriate Balance Financial Services Inc. increased its stake in shares of Microsoft by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares during the period. Finally, AlphaMark Advisors LLC increased its stake in shares of Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.
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Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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