Microsoft (NASDAQ:MSFT) has been given a $105.00 price target by investment analysts at Wells Fargo & Co in a research report issued on Thursday. The brokerage presently has a “buy” rating on the software giant’s stock. Wells Fargo & Co’s price objective indicates a potential upside of 11.11% from the stock’s previous close.
Other analysts have also issued reports about the company. Oppenheimer boosted their price target on Microsoft to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Morningstar restated a “neutral” rating on shares of Microsoft in a report on Monday, October 16th. Evercore ISI boosted their price target on Microsoft from $93.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, December 8th. UBS Group set a $105.00 price target on Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price target (up from $85.00) on shares of Microsoft in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $98.43.
Microsoft (NASDAQ MSFT) traded down $0.51 during mid-day trading on Thursday, reaching $94.50. The company’s stock had a trading volume of 36,943,652 shares, compared to its average volume of 27,636,932. 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 company has a market capitalization of $729,070.00, a price-to-earnings ratio of 64.29, a PEG ratio of 2.18 and a beta of 0.99. Microsoft has a 52-week low of $62.75 and a 52-week high of $96.07.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now directly owns 185,278 shares in the company, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,000 shares of company stock worth $2,498,220. 1.49% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MSFT. River Wealth Advisors LLC grew its position in shares of Microsoft by 6.4% in the second quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after purchasing an additional 1,517 shares during the last quarter. Northeast Financial Consultants Inc grew its position in shares of Microsoft by 17.4% in the second quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares during the last quarter. One Capital Management LLC grew its position in shares of Microsoft by 5.0% in the second quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after purchasing an additional 2,675 shares during the last quarter. JLB & Associates Inc. acquired a new position in shares of Microsoft in the second quarter valued at approximately $10,873,000. Finally, First National Bank Sioux Falls grew its position in shares of Microsoft by 9.6% in the second quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 1,365 shares during the last quarter. 73.26% of the stock is currently owned by hedge funds and other institutional investors.
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.
