Microsoft (NASDAQ:MSFT)‘s stock had its “outperform” rating reissued by equities research analysts at Wells Fargo & Co in a research report issued to clients and investors on Friday, January 12th, Marketbeat reports. They currently have a $100.00 price target on the software giant’s stock, up from their prior price target of $90.00. Wells Fargo & Co’s price objective would suggest a potential upside of 13.64% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. KeyCorp reissued a “buy” rating and set a $94.00 price target on shares of Microsoft in a research report on Friday, October 27th. Stifel Nicolaus increased their price target on Microsoft from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Goldman Sachs Group set a $88.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Thursday, October 19th. Royal Bank of Canada set a $85.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Oppenheimer set a $80.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $98.72.
Microsoft (MSFT) traded down $3.78 during trading hours on Friday, reaching $88.00. The company had a trading volume of 50,584,916 shares, compared to its average volume of 25,970,000. Microsoft has a one year low of $63.07 and a one year high of $96.07. The stock has a market cap of $678,880.00, a price-to-earnings ratio of 59.86, a PEG ratio of 2.19 and a beta of 1.06. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. During the same quarter in the prior year, the company posted $0.83 EPS. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. analysts anticipate that Microsoft will post 3.59 earnings per share for the current fiscal year.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $2,498,220. 1.49% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MSFT. Nottingham Advisors Inc. boosted its stake in shares of Microsoft by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after acquiring an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV lifted its position in Microsoft by 0.5% during the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after buying an additional 23 shares in the last quarter. Carderock Capital Management Inc. lifted its position in Microsoft by 0.7% during the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after buying an additional 26 shares in the last quarter. Appropriate Balance Financial Services Inc. lifted its position in Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after buying an additional 29 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its position in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after buying an additional 30 shares in the last quarter. 73.22% of the stock is currently owned by institutional investors.
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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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