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.
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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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.
