Microsoft (NASDAQ:MSFT) received a $94.00 price objective from research analysts at JPMorgan Chase & Co. in a research note issued on Thursday. The brokerage currently has a “neutral” rating on the software giant’s stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 0.53% from the stock’s current price.
Several other brokerages have also recently weighed in on MSFT. Canaccord Genuity raised shares of Microsoft from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $86.00 in a research report on Thursday, October 5th. 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 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Goldman Sachs Group set a $88.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirty have given a buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus price target of $98.43.
Microsoft (MSFT) traded down $0.51 during mid-day trading on Thursday, hitting $94.50. 36,943,652 shares of the stock were exchanged, compared to its average volume of 27,636,932. The company has a market cap of $729,070.00, a PE ratio of 64.29, 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 one year low of $62.75 and a one year high of $96.07.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the firm’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 transaction of $333,920.00. Following the completion of the sale, the executive vice president now owns 185,278 shares in the company, valued at approximately $15,467,007.44. The sale was disclosed in a document filed 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 stock was 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. In the last three months, insiders have sold 30,000 shares of company stock worth $2,498,220. Insiders own 1.49% of the company’s stock.
Several hedge funds have recently modified their holdings of MSFT. Capital Research Global Investors grew its stake in Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after buying an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC grew its stake in Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after buying an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. grew its stake in Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC grew its stake in Microsoft by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after buying an additional 8,369,500 shares in the last quarter. Finally, Polen Capital Management LLC purchased a new position in Microsoft in the 3rd quarter valued at approximately $527,480,000. Institutional investors own 73.26% of the company’s stock.
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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.
