Morgan Stanley Boosts Microsoft (MSFT) Price Target to $110.00

Microsoft (NASDAQ:MSFT) had its price target lifted by Morgan Stanley from $100.00 to $110.00 in a research note released on Thursday, February 1st. Morgan Stanley currently has an overweight rating on the software giant’s stock.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Microsoft from a buy rating to a hold rating in a research report on Tuesday, January 9th. Credit Suisse Group restated a buy rating and issued a $95.00 price objective on shares of Microsoft in a research report on Friday, October 27th. Tigress Financial restated a buy rating on shares of Microsoft in a research report on Tuesday, November 7th. UBS Group set a $110.00 target price on shares of Microsoft and gave the stock a buy rating in a research note on Thursday, February 1st. Finally, Vetr raised shares of Microsoft from a sell rating to a hold rating and set a $82.07 target price for the company in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $99.14.

Microsoft (NASDAQ MSFT) traded up $3.17 on Thursday, hitting $88.18. The stock had a trading volume of 57,408,480 shares, compared to its average volume of 32,600,000. The company has a market cap of $680,270.00, a price-to-earnings ratio of 59.99, a PEG ratio of 2.05 and a beta of 1.06. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. Microsoft has a 1-year low of $63.62 and a 1-year high of $96.07.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. equities research analysts expect that Microsoft will post 3.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.91%. Microsoft’s dividend payout ratio is presently 114.29%.

In other Microsoft 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 value of $333,920.00. Following the sale, the executive vice president now owns 185,278 shares in the company, valued at $15,467,007.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank H. Brod sold 18,000 shares of the firm’s 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. Insiders have sold 26,000 shares of company stock worth $2,164,380 over the last ninety days. Insiders own 1.49% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of Microsoft in the 4th quarter worth about $103,000. Acrospire Investment Management LLC boosted its holdings in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the last quarter. First Dallas Securities Inc. purchased a new stake in shares of Microsoft during the 4th quarter valued at about $123,000. Cerebellum GP LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $134,000. Finally, Stelac Advisory Services LLC boosted its holdings in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 73.22% of the company’s stock.

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About Microsoft

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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