Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “buy” rating restated by research analysts at Sanford C. Bernstein in a report released on Wednesday, November 15th. They currently have a $100.00 price target on the software giant’s stock. Sanford C. Bernstein’s target price points to a potential upside of 20.11% from the stock’s current price.
Other equities analysts have also issued reports about the stock. UBS AG restated a “buy” rating and issued a $82.00 price target (up from $73.00) on shares of Microsoft in a research report on Friday, July 21st. Goldman Sachs Group Inc reiterated a “buy” rating and set a $88.00 target price (up from $78.00) on shares of Microsoft in a research report on Tuesday, July 18th. Wells Fargo & Company set a $82.50 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, July 21st. Raymond James Financial, Inc. boosted their price target on shares of Microsoft to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Deutsche Bank AG reissued a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Microsoft in a research note on Friday, July 21st. Two investment 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. The company presently has an average rating of “Buy” and an average price target of $84.21.
Microsoft (MSFT) traded up $0.15 during trading on Wednesday, hitting $83.26. 7,425,503 shares of the stock were exchanged, compared to its average volume of 22,189,164. The company has a market cap of $641,159.63, a P/E ratio of 24.59, a P/E/G ratio of 1.94 and a beta of 1.01. Microsoft has a fifty-two week low of $58.80 and a fifty-two week high of $86.20. 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 (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. equities research analysts anticipate that Microsoft will post 3.38 EPS for the current year.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,763 shares of company stock worth $8,242,232. Insiders own 1.49% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its holdings in Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the last quarter. Hefty Wealth Partners increased its stake in shares of Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after acquiring an additional 653 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of Microsoft in the 1st quarter valued at $132,000. Stelac Advisory Services LLC increased its stake in shares of Microsoft by 23.5% in 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 in the last quarter. Finally, Opera Trading Capital increased its stake in shares of Microsoft by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after acquiring an additional 2,283 shares in the last quarter. Institutional investors own 73.14% of the company’s stock.
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.