Microsoft (NASDAQ:MSFT) has been assigned a $100.00 price target by equities research analysts at Royal Bank of Canada in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the software giant’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 16.51% from the company’s current price.
Several other brokerages have also issued reports on MSFT. Canaccord Genuity restated a “hold” rating and set a $76.00 target price on shares of Microsoft in a research report on Friday, September 15th. UBS set a $105.00 target price on Microsoft and gave the company a “buy” rating in a research report on Thursday, November 9th. Vetr lowered Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price for the company. in a research report on Monday, December 11th. KeyCorp restated a “buy” rating and set a $94.00 target price on shares of Microsoft in a research report on Friday, October 27th. Finally, Citigroup boosted their target price on Microsoft from $74.00 to $79.00 and gave the company a “sell” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $85.82.
Shares of Microsoft (NASDAQ:MSFT) traded down $0.55 during trading hours on Wednesday, hitting $85.83. The company’s stock had a trading volume of 23,524,700 shares, compared to its average volume of 22,631,971. Microsoft has a fifty-two week low of $61.95 and a fifty-two week high of $87.50. The stock has a market capitalization of $666,386.31, a price-to-earnings ratio of 25.56, a PEG ratio of 2.01 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.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $3,759,420 in the last three months. 1.49% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Appropriate Balance Financial Services Inc. grew its holdings in shares of Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares during the last quarter. Hefty Wealth Partners grew its holdings in shares of Microsoft by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. Stelac Advisory Services LLC grew its holdings in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares during the last quarter. Finally, Opera Trading Capital grew its holdings in shares of Microsoft by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after buying an additional 2,283 shares during the last quarter. 73.15% 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.
