Scotiabank Issues Pessimistic Forecast for Microsoft (NASDAQ:MSFT) Stock Price

Microsoft (NASDAQ:MSFTGet Free Report) had its price objective reduced by research analysts at Scotiabank from $600.00 to $550.00 in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a “sector outperform” rating on the software giant’s stock. Scotiabank’s price objective would indicate a potential upside of 32.72% from the company’s current price.

Other research analysts have also issued research reports about the company. Raymond James Financial decreased their target price on Microsoft from $580.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday. HSBC upped their price target on Microsoft from $588.00 to $593.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their price objective on Microsoft from $575.00 to $550.00 and set an “overweight” rating for the company in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Microsoft from $630.00 to $575.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Robert W. Baird dropped their target price on shares of Microsoft from $540.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $556.15.

Get Our Latest Analysis on Microsoft

Microsoft Trading Up 1.6%

Shares of MSFT opened at $414.41 on Thursday. The firm’s 50-day moving average price is $395.28 and its 200-day moving average price is $448.37. The firm has a market capitalization of $3.08 trillion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.53 and a beta of 1.10. The company has a current ratio of 1.28, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. Microsoft has a 1-year low of $356.28 and a 1-year high of $555.45.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.06 by $0.21. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The company had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. During the same period in the prior year, the firm earned $3.46 earnings per share. Microsoft’s revenue was up 18.3% on a year-over-year basis. Sell-side analysts anticipate that Microsoft will post 16.6 EPS for the current year.

Insider Buying and Selling at Microsoft

In other Microsoft news, Director John W. Stanton purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average price of $397.35 per share, for a total transaction of $1,986,750.00. Following the completion of the purchase, the director directly owned 83,905 shares of the company’s stock, valued at $33,339,651.75. This trade represents a 6.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 12,321 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $409.52, for a total value of $5,045,695.92. Following the transaction, the executive vice president directly owned 137,933 shares in the company, valued at approximately $56,486,322.16. The trade was a 8.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Microsoft

Hedge funds have recently bought and sold shares of the business. WFA Asset Management Corp lifted its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its position in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC raised its stake in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after buying an additional 2,138 shares during the last quarter. Wealth Group Ltd. raised its stake in Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after buying an additional 28 shares during the last quarter. Finally, Eagle Capital Management LLC lifted its holdings in shares of Microsoft by 0.4% during the 4th quarter. Eagle Capital Management LLC now owns 23,097 shares of the software giant’s stock valued at $9,735,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Key Microsoft News

Here are the key news stories impacting Microsoft this week:

Microsoft Company Profile

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Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Further Reading

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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