Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating reaffirmed by equities researchers at Credit Suisse Group in a report released on Sunday. They currently have a $125.00 price objective on the software giant’s stock. Credit Suisse Group’s target price indicates a potential upside of 21.60% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada set a $124.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Zacks Investment Research cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Stifel Nicolaus reissued a “buy” rating and issued a $120.00 price objective on shares of Microsoft in a research report on Thursday, October 25th. Oppenheimer reissued a “buy” rating and issued a $127.00 price objective on shares of Microsoft in a research report on Monday, September 24th. Finally, Wedbush began coverage on shares of Microsoft in a research report on Thursday, October 18th. They issued an “outperform” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and an average price target of $121.88.
Shares of MSFT stock traded down $0.80 during trading hours on Friday, reaching $102.80. 28,235,098 shares of the stock were exchanged, compared to its average volume of 34,966,262. Microsoft has a 12-month low of $83.83 and a 12-month high of $116.18. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88. The stock has a market cap of $802.86 billion, a PE ratio of 26.49, a P/E/G ratio of 1.89 and a beta of 1.24.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.18. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The firm had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. During the same period in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. Sell-side analysts forecast that Microsoft will post 4.43 EPS for the current year.
In other news, CMO Christopher C. Capossela sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $111.77, for a total value of $1,117,700.00. Following the completion of the sale, the chief marketing officer now owns 177,931 shares of the company’s stock, valued at approximately $19,887,347.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the transaction, the insider now owns 64,676 shares of the company’s stock, valued at approximately $6,931,973.68. The disclosure for this sale can be found here. Insiders sold a total of 279,918 shares of company stock valued at $30,102,412 in the last ninety days. Corporate insiders own 1.38% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Middleton & Co Inc MA raised its stake in shares of Microsoft by 1.5% during the 2nd quarter. Middleton & Co Inc MA now owns 55,349 shares of the software giant’s stock worth $5,457,000 after acquiring an additional 838 shares in the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC increased its stake in Microsoft by 1.9% during the 2nd quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 112,676 shares of the software giant’s stock valued at $11,111,000 after purchasing an additional 2,090 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its stake in Microsoft by 9.7% during the 3rd quarter. CHURCHILL MANAGEMENT Corp now owns 45,161 shares of the software giant’s stock valued at $5,165,000 after purchasing an additional 4,007 shares in the last quarter. Stony Point Wealth Management Inc. increased its stake in Microsoft by 46.2% during the 2nd quarter. Stony Point Wealth Management Inc. now owns 6,892 shares of the software giant’s stock valued at $680,000 after purchasing an additional 2,177 shares in the last quarter. Finally, Bank of The West increased its stake in Microsoft by 22.4% during the 2nd quarter. Bank of The West now owns 94,931 shares of the software giant’s stock valued at $9,361,000 after purchasing an additional 17,356 shares in the last quarter. Hedge funds and other institutional investors own 71.64% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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