Microsoft (NASDAQ:MSFT) received a $100.00 price objective from research analysts at Oppenheimer in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the software giant’s stock. Oppenheimer’s price objective indicates a potential upside of 16.51% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $95.00 price target on shares of Microsoft in a research report on Friday, October 27th. Morgan Stanley set a $88.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, October 27th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research report on Tuesday, November 7th. Vetr raised shares of Microsoft from a “sell” rating to a “hold” rating and set a $82.07 price target for the company in a research report on Tuesday, October 31st. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $85.82.
Shares of Microsoft (NASDAQ:MSFT) traded down $0.55 during mid-day trading on Wednesday, reaching $85.83. 23,524,700 shares of the company traded hands, compared to its average volume of 22,631,971. Microsoft has a 1 year low of $61.95 and a 1 year high of $87.50. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $666,386.31, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares in the company, valued at approximately $15,797,141.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $3,759,420 over the last 90 days. Insiders own 1.49% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MSFT. New Capital Management LP raised its holdings in shares of Microsoft by 0.5% during the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after purchasing an additional 22 shares during the period. Nottingham Advisors Inc. raised its holdings in shares of Microsoft by 0.4% during the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after purchasing an additional 22 shares during the period. American Economic Planning Group Inc. ADV raised its holdings in shares of 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 purchasing an additional 23 shares during the period. Carderock Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 26 shares during the period. Finally, Appropriate Balance Financial Services Inc. raised its holdings in shares of 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 purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.
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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.
