Microsoft (NASDAQ:MSFT) received a $105.00 price target from Royal Bank of Canada in a report released on Thursday. The firm presently has a “buy” rating on the software giant’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 11.11% from the stock’s current price.
Other research analysts also recently issued reports about the company. Stifel Nicolaus restated a “buy” rating on shares of Microsoft in a research note on Thursday, October 12th. Canaccord Genuity upgraded Microsoft from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $86.00 in a research note on Thursday, October 5th. Credit Suisse Group restated a “buy” rating and set a $95.00 price objective on shares of Microsoft in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and set a $94.00 price objective on shares of Microsoft in a research note on Friday, October 27th. Finally, Goldman Sachs Group set a $88.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $98.43.
Shares of Microsoft (NASDAQ:MSFT) traded down $0.51 on Thursday, reaching $94.50. The company had a trading volume of 36,943,652 shares, compared to its average volume of 27,636,932. The company has a market cap of $729,070.00, a P/E ratio of 64.29, a P/E/G ratio of 2.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft has a 52-week low of $62.75 and a 52-week high of $96.07.
In other news, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction 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 90 days, insiders sold 30,000 shares of company stock valued at $2,498,220. Insiders own 1.49% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at $103,000. Cerebellum GP LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at $134,000. Acrospire Investment Management LLC lifted 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 purchasing an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC lifted 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 purchasing an additional 387 shares during the last quarter. Finally, Family Capital Trust Co purchased a new stake in shares of Microsoft during the fourth quarter valued at $188,000. Institutional investors and hedge funds 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.
