Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating reiterated by stock analysts at Oppenheimer in a report released on Monday. They presently have a $127.00 price objective on the software giant’s stock. Oppenheimer’s price target would indicate a potential upside of 11.00% from the stock’s previous close.
A number of other analysts also recently weighed in on MSFT. Stifel Nicolaus restated a “buy” rating and issued a $107.00 price target on shares of Microsoft in a research note on Wednesday, June 13th. BidaskClub downgraded Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. Nomura set a $118.00 price target on Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. Finally, Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $120.08.
Shares of Microsoft stock traded up $0.43 during trading on Monday, reaching $114.41. The company’s stock had a trading volume of 19,056,800 shares, compared to its average volume of 28,425,863. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86. Microsoft has a 12-month low of $73.31 and a 12-month high of $115.29. The company has a market cap of $881.24 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.19 and a beta of 1.26.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The firm had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.23 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities research analysts anticipate that Microsoft will post 4.25 EPS for the current fiscal year.
In other news, CEO Satya Nadella sold 328,000 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the completion of the transaction, the chief executive officer now directly owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 23,337 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the transaction, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 650,042 shares of company stock valued at $71,264,850. Insiders own 1.49% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSFT. BlackRock Inc. increased its stake in Microsoft by 1.4% in the second quarter. BlackRock Inc. now owns 506,636,253 shares of the software giant’s stock valued at $49,959,403,000 after purchasing an additional 6,786,483 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Microsoft by 86.3% in the second quarter. OppenheimerFunds Inc. now owns 13,684,690 shares of the software giant’s stock valued at $1,349,447,000 after purchasing an additional 6,340,574 shares during the last quarter. FMR LLC increased its stake in Microsoft by 2.4% in the second quarter. FMR LLC now owns 231,776,134 shares of the software giant’s stock valued at $22,855,445,000 after purchasing an additional 5,367,919 shares during the last quarter. Summit Trail Advisors LLC increased its stake in Microsoft by 5,931.9% in the first quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock valued at $4,562,000 after purchasing an additional 4,486,569 shares during the last quarter. Finally, Charles Schwab Investment Advisory Inc. acquired a new position in Microsoft in the second quarter valued at $423,863,000. 71.75% of the stock is owned by institutional investors.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
See Also: Average Daily Trade Volume – ADTV
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.