Microsoft (NASDAQ:MSFT)‘s stock had its “sell” rating restated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday. They presently have a $75.00 price target on the software giant’s stock. Jefferies Financial Group’s price objective would indicate a potential downside of 34.58% from the stock’s previous close.
A number of other brokerages have also recently weighed in on MSFT. Royal Bank of Canada set a $124.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Wednesday. Barclays set a $120.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Wednesday. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer restated a “buy” rating and issued a $127.00 price objective on shares of Microsoft in a report on Monday. Finally, Zacks Investment Research cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $120.08.
MSFT traded up $0.66 during midday trading on Wednesday, reaching $114.64. The company’s stock had a trading volume of 733,010 shares, compared to its average volume of 24,350,200. The stock 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. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90. Microsoft has a 1 year low of $73.17 and a 1 year high of $115.29.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. equities research analysts predict that Microsoft will post 4.25 EPS for the current year.
In related news, CFO Amy Hood sold 118,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the transaction, the chief financial officer now owns 669,327 shares in the company, valued at $74,228,364.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Margaret L. Johnson sold 47,000 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the transaction, the executive vice president now owns 109,687 shares in the company, valued at approximately $11,809,999.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 650,042 shares of company stock worth $71,264,850. Insiders own 1.49% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Microsoft by 1.4% during the second quarter. BlackRock Inc. now owns 506,636,253 shares of the software giant’s stock valued at $49,959,403,000 after buying an additional 6,786,483 shares during the last quarter. FMR LLC increased its holdings in Microsoft by 2.4% during the second quarter. FMR LLC now owns 231,776,134 shares of the software giant’s stock valued at $22,855,445,000 after buying an additional 5,367,919 shares during the last quarter. Northern Trust Corp increased its holdings in Microsoft by 0.3% during the second quarter. Northern Trust Corp now owns 93,397,574 shares of the software giant’s stock valued at $9,209,934,000 after buying an additional 258,761 shares during the last quarter. Morgan Stanley increased its holdings in Microsoft by 3.6% during the second quarter. Morgan Stanley now owns 58,069,024 shares of the software giant’s stock valued at $5,726,188,000 after buying an additional 2,007,248 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Microsoft by 1.2% during the second quarter. Janus Henderson Group PLC now owns 48,317,706 shares of the software giant’s stock valued at $4,764,670,000 after buying an additional 592,272 shares during the last quarter. Institutional investors own 71.75% of the company’s stock.
Microsoft Company Profile
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.
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