Microsoft (NASDAQ:MSFT) had its target price raised by investment analysts at Wells Fargo & Co from $145.00 to $160.00 in a research report issued on Friday, BenzingaRatingsTable reports. The brokerage presently has an “outperform” rating on the software giant’s stock. Wells Fargo & Co‘s target price would suggest a potential upside of 15.19% from the company’s previous close.
MSFT has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued a “hold” rating and issued a $7.00 price objective on shares of Deutsche Bank in a report on Thursday, April 25th. Morgan Stanley cut their price objective on shares of RPC from $12.00 to $9.50 and set an “underperform” rating for the company in a report on Thursday, April 25th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Nomura boosted their price objective on shares of Visa from $175.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Jefferies Financial Group raised shares of SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have given a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $138.14.
Shares of MSFT stock opened at $138.90 on Friday. The company has a market cap of $1,060.53 billion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 2.49 and a beta of 1.21. The company has a quick ratio of 2.93, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average is $132.11. Microsoft has a 52 week low of $93.96 and a 52 week high of $139.22.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.00 by $0.14. The business had revenue of $30.57 billion during the quarter, compared to the consensus estimate of $29.86 billion. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. Microsoft’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 EPS. As a group, equities research analysts anticipate that Microsoft will post 4.58 earnings per share for the current fiscal year.
In other Microsoft news, EVP Kathleen T. Hogan sold 15,947 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $133.17, for a total value of $2,123,661.99. Following the completion of the transaction, the executive vice president now directly owns 202,518 shares in the company, valued at approximately $26,969,322.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Bradford L. Smith sold 192,300 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $130.34, for a total transaction of $25,064,382.00. Following the completion of the transaction, the president now owns 754,442 shares of the company’s stock, valued at $98,333,970.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,247 shares of company stock valued at $28,204,754. 1.38% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Guardian Investment Management increased its position in Microsoft by 4.2% in the 4th quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock valued at $3,125,000 after acquiring an additional 1,240 shares during the period. United Capital Management of KS Inc. boosted its stake in shares of Microsoft by 5.8% in the 4th quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock valued at $1,811,000 after purchasing an additional 984 shares during the last quarter. Ocean Capital Management LLC boosted its stake in shares of Microsoft by 12.3% in the 1st quarter. Ocean Capital Management LLC now owns 8,199 shares of the software giant’s stock valued at $967,000 after purchasing an additional 895 shares during the last quarter. Abner Herrman & Brock LLC boosted its stake in shares of Microsoft by 1.3% in the 4th quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock valued at $26,316,000 after purchasing an additional 3,234 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in shares of Microsoft by 0.3% in the 4th quarter. Leavell Investment Management Inc. now owns 89,124 shares of the software giant’s stock valued at $9,052,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 72.04% 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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