Microsoft (NASDAQ:MSFT) has been given a $103.00 price objective by equities researchers at Goldman Sachs Group in a report issued on Thursday. The firm currently has a “buy” rating on the software giant’s stock. Goldman Sachs Group’s target price suggests a potential upside of 7.43% from the stock’s previous close.
MSFT has been the topic of several other research reports. Argus raised Microsoft from a “hold” rating to a “buy” rating and increased their target price for the company from $57.28 to $95.00 in a report on Tuesday, October 31st. Vetr lowered 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. Instinet started coverage on Microsoft in a report on Thursday, January 25th. They set a “buy” rating on the stock. UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, January 19th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 target price (up previously from $90.00) on shares of Microsoft in a research note on Friday, January 12th. One equities research 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’s stock. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $97.99.
Microsoft (NASDAQ MSFT) traded up $0.87 during trading hours on Thursday, reaching $95.88. The company had a trading volume of 24,451,670 shares, compared to its average volume of 27,183,203. The stock has a market capitalization of $738,560.00, a price-to-earnings ratio of 65.22, a PEG ratio of 2.18 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. Microsoft has a 52-week low of $62.75 and a 52-week high of $96.07.
In other news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the sale, the executive vice president now directly owns 185,278 shares in the company, valued at approximately $15,467,007.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of Microsoft 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 30,000 shares of company stock valued at $2,498,220. Insiders own 1.49% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Microsoft during the 4th quarter valued at $103,000. Acrospire Investment Management LLC lifted its holdings in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares in the last quarter. Cerebellum GP LLC acquired a new position in Microsoft in the 4th quarter worth $134,000. Stelac Advisory Services LLC lifted its holdings in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares in the last quarter. Finally, Pacific Center for Financial Services lifted its holdings in Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares in the last quarter. 73.26% of the stock is 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.
