Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating restated by analysts at Credit Suisse Group in a research note issued to investors on Monday, Borsen Zeitung reports. They presently have a $145.00 price target on the software giant’s stock. Credit Suisse Group’s price objective suggests a potential upside of 14.57% from the stock’s current price.
MSFT has been the topic of several other reports. Goldman Sachs Group restated a “buy” rating and issued a $131.00 target price on shares of Microsoft in a research note on Thursday, April 18th. UBS Group set a $125.00 target price on Microsoft and gave the company a “buy” rating in a research note on Thursday, January 31st. Nomura lowered their target price on Microsoft from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, January 31st. Deutsche Bank boosted their price objective on Microsoft from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Raymond James boosted their price objective on Microsoft from $142.00 to $149.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $135.14.
Shares of MSFT traded down $1.59 during mid-day trading on Monday, hitting $126.56. The stock had a trading volume of 284,046 shares, compared to its average volume of 20,625,464. The firm has a market cap of $992.50 billion, a PE ratio of 32.49, a PEG ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 2.93. Microsoft has a 52 week low of $93.96 and a 52 week high of $131.37.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.14. The firm had revenue of $30.57 billion for the quarter, compared to analyst estimates of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. Sell-side analysts anticipate that Microsoft will post 4.58 earnings per share for the current fiscal year.
In related news, CEO Satya Nadella sold 267,466 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the completion of the transaction, the chief executive officer now directly owns 1,746,854 shares in the company, valued at $185,183,992.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Bradford L. Smith sold 192,300 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $130.34, for a total value of $25,064,382.00. Following the transaction, the president now owns 754,442 shares of the company’s stock, valued at $98,333,970.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 525,967 shares of company stock valued at $60,721,398. 1.38% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in shares of Microsoft by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 577,877,949 shares of the software giant’s stock worth $66,091,902,000 after purchasing an additional 8,820,439 shares in the last quarter. BlackRock Inc. boosted its holdings in Microsoft by 0.6% during the 4th quarter. BlackRock Inc. now owns 507,006,157 shares of the software giant’s stock valued at $51,496,613,000 after acquiring an additional 3,257,514 shares during the period. FMR LLC boosted its holdings in Microsoft by 5.2% during the 4th quarter. FMR LLC now owns 254,905,697 shares of the software giant’s stock valued at $25,890,773,000 after acquiring an additional 12,660,256 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Microsoft by 9,587.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 169,992,326 shares of the software giant’s stock valued at $1,674,000 after acquiring an additional 168,237,479 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Microsoft by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 100,083,231 shares of the software giant’s stock valued at $10,148,710,000 after acquiring an additional 7,107,312 shares during the period. Hedge funds and other institutional investors own 73.00% 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, 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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