Credit Suisse Group set a $225.00 price target on Microsoft (NASDAQ:MSFT) in a research note released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the software giant’s stock.
Other analysts have also recently issued research reports about the company. Royal Bank of Canada set a $230.00 target price on Microsoft and gave the stock a buy rating in a research report on Wednesday, September 2nd. Wedbush lifted their target price on Microsoft from $220.00 to $260.00 and gave the stock an outperform rating in a research report on Thursday, July 9th. Argus lifted their target price on Microsoft from $200.00 to $235.00 and gave the stock a buy rating in a research report on Wednesday, June 24th. Wells Fargo & Company boosted their price target on Microsoft from $205.00 to $250.00 and gave the company an overweight rating in a research report on Tuesday, June 2nd. They noted that the move was a valuation call. Finally, Oppenheimer started coverage on Microsoft in a research report on Monday, August 3rd. They issued a hold rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $216.72.
Shares of NASDAQ MSFT opened at $203.19 on Tuesday. The business has a 50-day moving average of $212.00 and a two-hundred day moving average of $189.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.52 and a quick ratio of 2.49. Microsoft has a 1 year low of $132.52 and a 1 year high of $232.86. The company has a market capitalization of $1,537.67 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The business had revenue of $38.03 billion for the quarter, compared to analysts’ expectations of $36.59 billion. As a group, equities research analysts expect that Microsoft will post 6.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.56 dividend. The ex-dividend date is Wednesday, November 18th. This is an increase from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 1.10%. Microsoft’s payout ratio is 35.42%.
In other Microsoft news, EVP Jean Philippe Courtois sold 15,140 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $215.00, for a total value of $3,255,100.00. Following the completion of the transaction, the executive vice president now directly owns 560,498 shares in the company, valued at approximately $120,507,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amy Hood sold 80,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total value of $17,451,200.00. Following the completion of the transaction, the chief financial officer now owns 452,720 shares of the company’s stock, valued at $98,756,340.80. The disclosure for this sale can be found here. Insiders sold a total of 164,067 shares of company stock valued at $35,247,737 over the last quarter. 1.39% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MSFT. Advisor Group Holdings Inc. acquired a new stake in shares of Microsoft during the 1st quarter worth $328,820,000. Nordea Investment Management AB increased its holdings in shares of Microsoft by 105.3% during the 2nd quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock worth $4,168,090,000 after buying an additional 10,705,657 shares during the last quarter. Swiss National Bank increased its holdings in shares of Microsoft by 22.9% during the 1st quarter. Swiss National Bank now owns 28,404,917 shares of the software giant’s stock worth $4,479,739,000 after buying an additional 5,287,700 shares during the last quarter. APG Asset Management N.V. increased its holdings in shares of Microsoft by 40.2% during the 2nd quarter. APG Asset Management N.V. now owns 13,477,185 shares of the software giant’s stock worth $2,442,009,000 after buying an additional 3,863,058 shares during the last quarter. Finally, Viking Global Investors LP increased its holdings in shares of Microsoft by 257.7% during the 1st quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock worth $772,832,000 after buying an additional 3,530,518 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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