Royal Bank of Canada Reiterates “$100.00” Price Target for Microsoft (MSFT)

Microsoft (NASDAQ:MSFT) has been given a $100.00 target price by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the software giant’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 11.11% from the company’s previous close.

MSFT has been the subject of a number of other reports. Argus upgraded Microsoft from a “hold” rating to a “buy” rating and increased their price target for the stock from $57.28 to $95.00 in a report on Tuesday, October 31st. Vetr cut Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price target for the company. in a report on Wednesday, January 17th. Goldman Sachs Group set a $92.00 price target on Microsoft and gave the stock a “buy” rating in a report on Friday, October 27th. UBS Group set a $105.00 price target on Microsoft and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 price target (up from $90.00) on shares of Microsoft in a 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 given a buy rating to the company. Microsoft currently has an average rating of “Buy” and a consensus target price of $88.32.

Shares of Microsoft (NASDAQ MSFT) opened at $90.00 on Monday. The stock has a market capitalization of $694,310.00, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft has a twelve month low of $62.37 and a twelve month high of $90.79.

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. The business had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. equities research analysts anticipate that Microsoft will post 3.39 earnings per share for the current year.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the sale, the executive vice president now owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was 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. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 in the last ninety days. 1.49% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MSFT. Invictus RG purchased a new position in shares of Microsoft in the 1st quarter valued at approximately $107,000. Acrospire Investment Management LLC grew its stake in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares during the last quarter. Hefty Wealth Partners grew its stake in shares of Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares during the last quarter. Asset Planning Services Ltd. grew its stake in shares of Microsoft by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after purchasing an additional 837 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its stake in shares of Microsoft by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares in the last quarter. 73.18% of the stock is currently owned by institutional investors and hedge funds.

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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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