Microsoft (NASDAQ:MSFT)‘s stock had its “outperform” rating reissued by stock analysts at Wells Fargo & Co in a research report issued on Friday. They currently have a $100.00 target price on the software giant’s stock, up from their prior target price of $90.00. Wells Fargo & Co’s target price suggests a potential upside of 11.61% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Credit Suisse Group reissued a “buy” rating and set a $95.00 price objective on shares of Microsoft in a report on Friday, October 27th. Morgan Stanley set a $88.00 target price on Microsoft and gave the company a “buy” rating in a research note on Friday, October 27th. Tigress Financial restated a “buy” rating on shares of Microsoft in a research note on Tuesday, November 7th. Finally, Vetr upgraded Microsoft from a “sell” rating to a “hold” rating and set a $82.07 target price for the company in a research note on Tuesday, October 31st. 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 company’s stock. Microsoft presently has a consensus rating of “Buy” and a consensus price target of $86.97.
Microsoft (NASDAQ:MSFT) opened at $89.60 on Friday. The stock has a market capitalization of $691,070.00, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99. Microsoft has a twelve month low of $62.03 and a twelve month high of $89.78. 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 issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.76 earnings per share. equities research analysts anticipate that Microsoft will post 3.39 EPS for the current year.
In other news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total transaction of $333,920.00. Following the transaction, the executive vice president now owns 185,278 shares in the company, valued at approximately $15,467,007.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now 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 quarter. 1.49% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. lifted its stake 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 in the last quarter. Acrospire Investment Management LLC lifted its stake 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 in the last quarter. Hefty Wealth Partners lifted its stake 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 in the last quarter. Stelac Advisory Services LLC lifted its stake 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 in the last quarter. Finally, Marquette Asset Management LLC bought a new stake in Microsoft in the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 73.16% of the company’s stock.
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Microsoft Company Profile
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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