Credit Suisse Group Reiterates Outperform Rating for Microsoft (MSFT)

Microsoft (NASDAQ:MSFT)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group in a research report issued on Thursday. They currently have a $115.00 price objective on the software giant’s stock, up from their previous price objective of $95.00. Credit Suisse Group’s price objective suggests a potential upside of 27.78% from the stock’s previous close.

A number of other research firms also recently weighed in on MSFT. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Wednesday. Vetr downgraded Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price target for the company. in a research report on Wednesday. Oppenheimer upped their price target on Microsoft to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Barclays set a $95.00 price target on Microsoft and gave the stock an “overweight” rating in a research report on Friday, January 12th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $100.00 price target (up previously from $90.00) on shares of Microsoft in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $88.32.

Microsoft (NASDAQ:MSFT) traded down $0.10 during trading hours on Thursday, reaching $90.00. The company’s stock had a trading volume of 36,880,000 shares, compared to its average volume of 23,030,000. Microsoft has a 52-week low of $62.37 and a 52-week high of $90.79. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $694,310.00, a P/E ratio of 30.41, a P/E/G ratio of 2.11 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. The business’s revenue was up 11.7% on a year-over-year basis. research analysts forecast that Microsoft will post 3.39 EPS for the current year.

In related news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 value of $1,496,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Microsoft by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after purchasing an additional 774,549 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Microsoft by 3.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant’s stock worth $2,696,444,000 after purchasing an additional 1,148,178 shares in the last quarter. Hedge funds and other institutional investors own 73.19% 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.

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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