Microsoft (NASDAQ:MSFT) had its price target boosted by analysts at Nomura from $124.00 to $131.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the software giant’s stock. Nomura’s price target would indicate a potential upside of 0.97% from the company’s previous close.
Several other analysts have also recently issued reports on MSFT. UBS Group set a $150.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Thursday. Bank of America increased their price objective on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp increased their price objective on Microsoft from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday. Wedbush reiterated an “outperform” rating and issued a $155.00 price objective (up from $150.00) on shares of Microsoft in a research note on Thursday. Finally, BMO Capital Markets increased their price objective on Microsoft from $125.00 to $147.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $131.97.
NASDAQ:MSFT traded up $4.73 during trading hours on Thursday, reaching $129.75. 28,282,108 shares of the stock were exchanged, compared to its average volume of 18,309,262. The company has a quick ratio of 3.08, a current ratio of 3.12 and a debt-to-equity ratio of 0.82. Microsoft has a twelve month low of $90.28 and a twelve month high of $125.85. The stock has a market capitalization of $965.86 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. The company had revenue of $30.57 billion for the quarter, compared to analysts’ expectations of $29.86 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. On average, sell-side analysts expect that Microsoft will post 4.42 EPS for the current fiscal year.
In other Microsoft news, CEO Satya Nadella sold 267,466 shares of the firm’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 transaction, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at $185,183,992.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 7,220 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $112.76, for a total value of $814,127.20. Following the transaction, the insider now directly owns 53,069 shares in the company, valued at approximately $5,984,060.44. The disclosure for this sale can be found here. Insiders sold 333,667 shares of company stock worth $35,657,016 in the last three months. 1.38% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of MSFT. Oregon Public Employees Retirement Fund grew its holdings in shares of Microsoft by 9,587.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 169,992,326 shares of the software giant’s stock worth $1,674,000 after purchasing an additional 168,237,479 shares during the last quarter. Norges Bank purchased a new position in shares of Microsoft during the fourth quarter worth about $7,728,792,000. Lunia Capital LP grew its holdings in shares of Microsoft by 9,650.2% during the fourth quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after purchasing an additional 16,861,809 shares during the last quarter. FMR LLC grew its holdings in shares of Microsoft by 5.2% during the fourth quarter. FMR LLC now owns 254,905,697 shares of the software giant’s stock worth $25,890,773,000 after purchasing an additional 12,660,256 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Microsoft by 1.6% during the third 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 during the last quarter. 72.94% of the stock is currently owned by institutional investors.
Microsoft Company Profile
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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