Microsoft (MSFT) Given a $103.00 Price Target at Goldman Sachs

Microsoft (NASDAQ:MSFT) has been given a $103.00 price objective by equities researchers at Goldman Sachs in a report released on Friday. The firm presently has a “buy” rating on the software giant’s stock. Goldman Sachs’ price target would suggest a potential upside of 9.28% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer set a $100.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Monday, January 1st. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Tuesday, December 26th. Royal Bank of Canada set a $100.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Tuesday, December 26th. Finally, Piper Jaffray reissued a “buy” rating on shares of Microsoft in a report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $100.19.

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NASDAQ MSFT traded down $1.86 during trading hours on Friday, reaching $94.25. The company’s stock had a trading volume of 11,726,057 shares, compared to its average volume of 32,496,719. 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 has a 52 week low of $65.45 and a 52 week high of $97.24. The stock has a market capitalization of $742,568.06, a P/E ratio of 28.47, a P/E/G ratio of 2.23 and a beta of 1.07.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter last year, the company posted $0.83 earnings per share. Microsoft’s revenue was up 11.9% on a year-over-year basis. equities research analysts expect that Microsoft will post 3.63 earnings per share for the current year.

In related news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now owns 174,778 shares in the company, valued at $16,254,354. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the transaction, the chief marketing officer now owns 178,278 shares in the company, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock worth $930,900 in the last quarter. Company insiders own 1.49% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Microsoft during the fourth quarter worth approximately $103,000. First Dallas Securities Inc. bought a new stake in Microsoft during the fourth quarter worth approximately $123,000. Cerebellum GP LLC bought a new stake in Microsoft during the fourth quarter worth approximately $134,000. Financial Gravity Companies Inc. bought a new stake in Microsoft during the fourth quarter worth approximately $152,000. Finally, Acrospire Investment Management LLC boosted its holdings in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 73.84% of the company’s stock.

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Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

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