Microsoft (NASDAQ:MSFT) had its target price increased by equities research analysts at Morgan Stanley from $100.00 to $110.00 in a report issued on Thursday. The brokerage presently has an “overweight” rating on the software giant’s stock. Morgan Stanley’s price objective points to a potential upside of 25.00% from the company’s current price.
A number of other research analysts also recently commented on MSFT. Canaccord Genuity raised shares of Microsoft from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $86.00 in a research report on Thursday, October 5th. Stifel Nicolaus reissued a “buy” rating on shares of Microsoft in a research report on Thursday, October 12th. Morningstar reissued a “neutral” rating on shares of Microsoft in a research report on Monday, October 16th. Royal Bank of Canada set a $85.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Goldman Sachs Group set a $88.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $98.72.
Shares of Microsoft (MSFT) traded down $3.78 on Thursday, hitting $88.00. 50,549,670 shares of the stock were exchanged, compared to its average volume of 25,970,000. Microsoft has a 52 week low of $63.07 and a 52 week high of $96.07. The company has a market cap of $678,880.00, a P/E ratio of 59.86, a PEG ratio of 2.19 and a beta of 1.06. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. During the same quarter last year, the firm posted $0.83 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. analysts expect that Microsoft will post 3.59 earnings per share for the current year.
In other news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock valued at $2,498,220 over the last 90 days. Corporate insiders own 1.49% of the company’s stock.
Several large investors have recently modified their holdings of MSFT. Stokes & Hubbell Capital Management LLC grew its holdings in shares of Microsoft by 46.6% during the 2nd quarter. Stokes & Hubbell Capital Management LLC now owns 55,351 shares of the software giant’s stock valued at $3,815,000 after purchasing an additional 17,595 shares during the last quarter. Bank of The West grew its holdings in shares of Microsoft by 19.5% during the 2nd quarter. Bank of The West now owns 83,876 shares of the software giant’s stock valued at $5,782,000 after purchasing an additional 13,672 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its holdings in shares of Microsoft by 40.7% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 20,852 shares of the software giant’s stock valued at $1,437,000 after purchasing an additional 6,030 shares during the last quarter. Arvest Bank Trust Division grew its holdings in shares of Microsoft by 6.9% during the 2nd quarter. Arvest Bank Trust Division now owns 9,374 shares of the software giant’s stock valued at $646,000 after purchasing an additional 608 shares during the last quarter. Finally, Peachtree Investment Advisors Inc. grew its holdings in shares of Microsoft by 0.6% during the 2nd quarter. Peachtree Investment Advisors Inc. now owns 49,704 shares of the software giant’s stock valued at $3,426,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 73.22% of the company’s stock.
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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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