Microsoft Corporation (NASDAQ:MSFT) Given a $84.00 Price Target by Credit Suisse Group Analysts
Microsoft Corporation (NASDAQ:MSFT) received a $84.00 target price from analysts at Credit Suisse Group in a research report issued on Friday. The firm currently has a “buy” rating on the software giant’s stock. Credit Suisse Group’s price target suggests a potential upside of 17.63% from the company’s previous close.
Several other research firms have also recently commented on MSFT. UBS AG restated a “buy” rating and set a $82.00 price target (up from $73.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Barclays PLC restated an “overweight” rating and set a $82.00 price target (up from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Canaccord Genuity boosted their price target on shares of Microsoft Corporation from $68.00 to $76.00 and gave the company a “hold” rating in a report on Friday, July 21st. BMO Capital Markets boosted their price target on shares of Microsoft Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have issued a buy rating to the stock. Microsoft Corporation currently has an average rating of “Buy” and an average target price of $76.15.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.41% during midday trading on Friday, hitting $71.70. The stock had a trading volume of 3,234,267 shares. The stock has a market cap of $552.25 billion, a PE ratio of 26.46 and a beta of 1.01. The firm has a 50 day moving average price of $71.64 and a 200 day moving average price of $67.88. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the previous year, the company posted $0.69 EPS. Microsoft Corporation’s revenue was up 9.1% on a year-over-year basis. Equities analysts expect that Microsoft Corporation will post $3.22 EPS for the current year.
In other news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,060,855 shares of company stock valued at $512,251,908. 2.99% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Appropriate Balance Financial Services Inc. increased its position in shares of Microsoft Corporation by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after buying an additional 29 shares during the period. Hefty Wealth Partners increased its position in shares of Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the period. Asset Planning Services Ltd. increased its position in shares of Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the period. Ullmann Financial Group Inc. purchased a new position in shares of Microsoft Corporation during the first quarter worth approximately $132,000. Finally, Stelac Advisory Services LLC increased its position in shares of Microsoft Corporation by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the period. 72.86% of the stock is owned by institutional investors.
Microsoft Corporation Company Profile
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.
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