Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating restated by analysts at Credit Suisse Group in a report issued on Thursday, April 12th. They currently have a $115.00 price target on the software giant’s stock. Credit Suisse Group’s price objective indicates a potential upside of 19.75% from the company’s current price.
A number of other analysts also recently issued reports on MSFT. JPMorgan Chase set a $94.00 target price on Microsoft and gave the stock a “neutral” rating in a report on Thursday, February 1st. Royal Bank of Canada set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. Atlantic Securities set a $97.00 target price on Microsoft and gave the stock a “neutral” rating in a report on Thursday, February 1st. Vetr cut Microsoft from a “buy” rating to a “hold” rating and set a $95.65 target price for the company. in a report on Tuesday, March 6th. Finally, Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirty-one have issued a buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and a consensus price target of $100.19.
NASDAQ:MSFT traded down $0.41 during trading hours on Thursday, reaching $96.03. The stock had a trading volume of 8,078,820 shares, compared to its average volume of 32,621,443. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. Microsoft has a 52 week low of $65.14 and a 52 week high of $97.24. The company has a market cap of $739,719.13, a price-to-earnings ratio of 29.02, a PEG ratio of 2.23 and a beta of 1.07.
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, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. analysts anticipate that Microsoft will post 3.63 EPS for the current year.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,000 shares of company stock valued at $930,900. Corporate insiders own 1.49% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its holdings in shares of Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Microsoft by 52.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 26,474,151 shares of the software giant’s stock valued at $2,264,601,000 after acquiring an additional 9,092,634 shares during the last quarter. Finally, Tiger Global Management LLC raised its holdings in shares of Microsoft by 395.2% during the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after acquiring an additional 8,369,500 shares during the last quarter. 73.84% of the stock is currently owned by institutional investors.
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Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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