Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating restated by Sanford C. Bernstein in a note issued to investors on Wednesday. They currently have a $100.00 price objective on the software giant’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 19.92% from the stock’s previous close.
A number of other research analysts have also issued reports on the company. Goldman Sachs Group, Inc. (The) set a $92.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 price objective for the company in a research report on Monday. Zacks Investment Research lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. UBS AG set a $105.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday, November 9th. Finally, Tigress Financial reiterated a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of “Buy” and a consensus target price of $84.21.
Microsoft Corporation (NASDAQ MSFT) traded up $0.41 during trading hours on Wednesday, reaching $83.39. The company had a trading volume of 9,322,582 shares, compared to its average volume of 22,427,568. Microsoft Corporation has a twelve month low of $58.80 and a twelve month high of $86.20. The firm has a market cap of $641,240.00, a price-to-earnings ratio of 24.87, a P/E/G ratio of 1.96 and a beta of 1.01. 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 Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. sell-side analysts forecast that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
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In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was 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 approximately $15,797,141.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,763 shares of company stock valued at $7,908,472. 1.49% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Northeast Financial Consultants Inc raised its holdings in Microsoft Corporation by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after acquiring an additional 1,500 shares in the last quarter. River Wealth Advisors LLC raised its holdings in Microsoft Corporation by 6.4% in the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after acquiring an additional 1,517 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in Microsoft Corporation by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after acquiring an additional 530,893 shares in the last quarter. JLB & Associates Inc. acquired a new position in Microsoft Corporation in the 2nd quarter valued at approximately $10,873,000. Finally, Taylor Cottrill Erickson & Associates Inc. raised its holdings in Microsoft Corporation by 1.4% in the 2nd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock valued at $4,519,000 after acquiring an additional 900 shares in the last quarter. 73.37% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corporation 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.
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