Microsoft (NASDAQ:MSFT) received a $100.00 target price from equities researchers at Goldman Sachs Group in a research report issued on Tuesday. The firm presently has a “buy” rating on the software giant’s stock. Goldman Sachs Group’s price target points to a potential upside of 9.16% from the company’s previous close.
A number of other analysts also recently issued reports on MSFT. Zacks Investment Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus increased their price objective on shares of Microsoft from $90.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday. Vetr downgraded shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price objective on the stock. in a report on Wednesday, January 17th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $100.00 price objective (up from $90.00) on shares of Microsoft in a report on Friday, January 12th. Finally, Royal Bank of Canada set a $100.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and an average price target of $88.60.
Shares of Microsoft (MSFT) opened at $91.61 on Tuesday. Microsoft has a twelve month low of $62.57 and a twelve month high of $91.62. The stock has a market cap of $706,730.00, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.11 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. analysts anticipate that Microsoft will post 3.39 EPS for the current fiscal year.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction that occurred 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. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $3,759,420. Company insiders own 1.49% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MSFT. Nottingham Advisors Inc. lifted its stake in Microsoft by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after acquiring an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV lifted its stake in Microsoft by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after acquiring an additional 23 shares during the last quarter. Carderock Capital Management Inc. lifted its stake in Microsoft by 0.7% in the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after acquiring an additional 26 shares during the last quarter. Appropriate Balance Financial Services Inc. lifted its stake in Microsoft by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its stake in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares during the last quarter. 73.18% of the stock is owned by institutional investors and hedge funds.
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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.