Microsoft (NASDAQ:MSFT) had its target price upped by stock analysts at Bank of America from $104.00 to $106.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the software giant’s stock. Bank of America’s target price would suggest a potential upside of 12.45% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $107.00 price target (up from $100.00) on shares of Microsoft in a report on Thursday. KeyCorp raised their price target on Microsoft from $106.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday. Canaccord Genuity reaffirmed a “buy” rating and set a $105.00 price target (up from $94.00) on shares of Microsoft in a report on Thursday. Stifel Nicolaus lifted their target price on Microsoft from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Citigroup lifted their target price on Microsoft to $115.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirty have assigned a buy rating to the company. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $98.43.
Microsoft (MSFT) traded down $0.75 during mid-day trading on Thursday, reaching $94.26. The company had a trading volume of 46,857,875 shares, compared to its average volume of 24,330,000. Microsoft has a 12-month low of $62.75 and a 12-month high of $96.07. The firm has a market cap of $727,180.00, a PE ratio of 64.12, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total transaction of $333,920.00. Following the transaction, the executive vice president now directly owns 185,278 shares in the company, valued at $15,467,007.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of Microsoft 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. Over the last ninety days, insiders have sold 30,000 shares of company stock valued at $2,498,220. 1.49% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of MSFT. First Western Capital Management Co lifted its holdings in shares of Microsoft by 1.3% in the fourth quarter. First Western Capital Management Co now owns 79,434 shares of the software giant’s stock valued at $6,795,000 after purchasing an additional 1,013 shares in the last quarter. Allied Investment Advisors LLC bought a new stake in shares of Microsoft in the fourth quarter valued at about $8,223,000. Picton Mahoney Asset Management lifted its holdings in shares of Microsoft by 2.0% in the fourth quarter. Picton Mahoney Asset Management now owns 365,300 shares of the software giant’s stock valued at $31,250,000 after purchasing an additional 7,250 shares in the last quarter. Halbert Hargrove Russell LLC lifted its holdings in shares of Microsoft by 32.2% in the fourth quarter. Halbert Hargrove Russell LLC now owns 16,865 shares of the software giant’s stock valued at $1,443,000 after purchasing an additional 4,103 shares in the last quarter. Finally, Autus Asset Management LLC lifted its holdings in shares of Microsoft by 10.0% in the fourth quarter. Autus Asset Management LLC now owns 9,406 shares of the software giant’s stock valued at $805,000 after purchasing an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 73.26% 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.
