Microsoft (NASDAQ:MSFT) has been assigned a $100.00 price objective by equities researchers at Royal Bank of Canada in a note issued to investors on Tuesday, December 26th. The firm currently has a “buy” rating on the software giant’s stock. Royal Bank of Canada’s price target suggests a potential upside of 11.61% from the company’s previous close.
Several other research firms have also commented on MSFT. Oppenheimer set a $80.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, September 25th. ValuEngine lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $80.00 price target on shares of Microsoft in a research report on Monday, September 18th. Atlantic Securities set a $83.00 price target on Microsoft and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Tigress Financial reiterated a “buy” rating on shares of Microsoft in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.97.
Shares of Microsoft (MSFT) opened at $89.60 on Tuesday. Microsoft has a fifty-two week low of $62.03 and a fifty-two week high of $89.78. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The company has a market capitalization of $691,230.00, a P/E ratio of 30.27, a P/E/G ratio of 2.05 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during 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 for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. research analysts forecast that Microsoft will post 3.39 EPS for the current year.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction that occurred 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 directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. 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 in the last three months. Corporate insiders own 1.49% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Appropriate Balance Financial Services Inc. raised its holdings in Microsoft by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after acquiring an additional 29 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the last quarter. Hefty Wealth Partners raised its holdings in Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after acquiring an additional 653 shares during the last quarter. Stelac Advisory Services LLC raised its holdings in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the last quarter. Finally, Opera Trading Capital raised its holdings in Microsoft by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after acquiring an additional 2,283 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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