Microsoft (NASDAQ:MSFT) has been assigned a $100.00 target price by Oppenheimer in a research note issued on Monday, January 1st. The brokerage currently has a “buy” rating on the software giant’s stock. Oppenheimer’s target price indicates a potential upside of 13.87% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Stifel Nicolaus reissued a “buy” rating on shares of Microsoft in a research note on Thursday, October 12th. Canaccord Genuity raised shares of Microsoft from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $86.00 in a research note on Thursday, October 5th. KeyCorp reissued a “buy” rating and issued a $82.00 target price on shares of Microsoft in a research note on Sunday, September 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $86.30.
Shares of Microsoft (NASDAQ MSFT) traded down $0.40 during trading on Monday, reaching $87.82. 18,640,299 shares of the company’s stock were exchanged, compared to its average volume of 22,014,527. The stock has a market capitalization of $679,500.00, a PE ratio of 29.67, a PEG ratio of 2.06 and a beta of 0.99. Microsoft has a 12 month low of $61.95 and a 12 month high of $88.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. Microsoft’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. research analysts predict that Microsoft will post 3.38 earnings per share for the current fiscal year.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $3,759,420 over the last 90 days. Corporate insiders own 1.49% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Holderness Investments Co. boosted its position in shares of Microsoft by 21.0% during the first quarter. Holderness Investments Co. now owns 59,665 shares of the software giant’s stock valued at $3,930,000 after purchasing an additional 10,348 shares in the last quarter. State of Wisconsin Investment Board increased its position in Microsoft by 7.3% during the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after acquiring an additional 530,893 shares during the last quarter. Jackson Wealth Management LLC increased its position in Microsoft by 2.0% during the first quarter. Jackson Wealth Management LLC now owns 76,290 shares of the software giant’s stock valued at $5,011,000 after acquiring an additional 1,496 shares during the last quarter. Milestone Group Inc. increased its position in Microsoft by 1.8% during the first quarter. Milestone Group Inc. now owns 25,467 shares of the software giant’s stock valued at $1,677,000 after acquiring an additional 452 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC increased its position in Microsoft by 7.1% during the first quarter. Arthur M. Cohen & Associates LLC now owns 73,947 shares of the software giant’s stock valued at $4,938,000 after acquiring an additional 4,880 shares during the last quarter. Hedge funds and other institutional investors own 73.16% 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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