Microsoft (NASDAQ:MSFT) had its price target upped by Argus from $95.00 to $107.00 in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the software giant’s stock. Argus’ price target points to a potential upside of 19.25% from the company’s current price.
Several other equities analysts also recently weighed in on MSFT. Stifel Nicolaus reaffirmed a “buy” rating on shares of Microsoft in a research report on Thursday, October 12th. Morningstar reaffirmed a “neutral” rating on shares of Microsoft in a research report on Monday, October 16th. Royal Bank of Canada set a $85.00 target price on Microsoft and gave the company a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group set a $88.00 target price on Microsoft and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $94.00 target price on shares of Microsoft in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $99.08.
Shares of Microsoft (MSFT) traded up $1.73 during trading hours on Tuesday, hitting $89.73. The company had a trading volume of 38,814,501 shares, compared to its average volume of 30,228,418. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The firm has a market cap of $682,510.00, a P/E ratio of 61.04, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06. Microsoft has a 1 year low of $63.22 and a 1 year 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 value of $1,496,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the completion of the sale, the executive vice president now owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,000 shares of company stock valued at $2,498,220. 1.49% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in Microsoft during the fourth quarter worth $103,000. Acrospire Investment Management LLC grew its holdings in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the period. Cerebellum GP LLC acquired a new position in Microsoft during the fourth quarter worth $134,000. Stelac Advisory Services LLC grew its holdings in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the period. Finally, Pacific Center for Financial Services grew its holdings in Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares during the period. 73.22% of the stock is currently owned by institutional investors and hedge funds.
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About Microsoft
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.
