Microsoft (NASDAQ:MSFT) received a $95.00 target price from research analysts at Barclays in a research report issued on Friday. The brokerage currently has an “overweight” rating on the software giant’s stock. Barclays’ price objective suggests a potential upside of 6.03% from the stock’s current price.
Other research analysts have also issued research reports about the company. Credit Suisse Group restated a “buy” rating and issued a $95.00 target price on shares of Microsoft in a report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $94.00 target price on shares of Microsoft in a report on Friday, October 27th. Stifel Nicolaus raised their target price on Microsoft from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Goldman Sachs Group set a $88.00 target price on Microsoft and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Royal Bank of Canada set a $85.00 target price on Microsoft and gave the company a “buy” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $86.97.
Microsoft (NASDAQ:MSFT) opened at $89.60 on Friday. Microsoft has a fifty-two week low of $62.03 and a fifty-two week high of $89.78. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $691,070.00, a P/E ratio of 30.27, a PEG ratio of 2.09 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same quarter last year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. sell-side analysts forecast that Microsoft will post 3.39 EPS for the current fiscal year.
In other news, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft 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 transaction, the executive vice president now owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Colorado Capital Management Inc. purchased a new position in Microsoft during the fourth quarter worth about $225,000. Capital Insight Partners LLC grew its position in Microsoft by 161.5% during the fourth quarter. Capital Insight Partners LLC now owns 30,135 shares of the software giant’s stock worth $2,578,000 after buying an additional 18,611 shares in the last quarter. Trellis Advisors LLC purchased a new position in Microsoft during the fourth quarter worth about $1,357,000. Bremer Trust National Association grew its position in Microsoft by 5.1% during the fourth quarter. Bremer Trust National Association now owns 23,830 shares of the software giant’s stock worth $2,038,000 after buying an additional 1,151 shares in the last quarter. Finally, Hexavest Inc. grew its position in Microsoft by 5.2% during the fourth quarter. Hexavest Inc. now owns 1,617,534 shares of the software giant’s stock worth $138,364,000 after buying an additional 79,822 shares in the last quarter. Institutional investors own 73.16% of the company’s stock.
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.
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