Microsoft (MSFT) Rating Reiterated by Credit Suisse Group
Microsoft (NASDAQ:MSFT)‘s stock had its “outperform” rating reissued by stock analysts at Credit Suisse Group in a report issued on Thursday, The Fly reports. They currently have a $115.00 price objective on the software giant’s stock, up from their previous price objective of $95.00. Credit Suisse Group’s target price points to a potential upside of 27.30% from the company’s current price.
Several other research firms have also issued reports on MSFT. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Wednesday. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price target on the stock. in a research report on Wednesday. Oppenheimer boosted their price target on shares of Microsoft to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Barclays set a $95.00 price target on shares of Microsoft and gave the company an “overweight” rating in a research report on Friday, January 12th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Microsoft in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $87.56.
Microsoft (NASDAQ MSFT) opened at $90.34 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The firm has a market cap of $695,390.00, a PE ratio of 30.52, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99. Microsoft has a 52 week low of $62.12 and a 52 week high of $90.79.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 45,000 shares of company stock valued at $3,759,420. Corporate insiders own 1.49% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC boosted its stake in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC boosted 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 purchasing an additional 387 shares in the last quarter. Pacific Center for Financial Services boosted its stake in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares in the last quarter. Finally, Family Capital Trust Co purchased a new stake in shares of Microsoft in the 4th quarter valued at $188,000. 73.19% of the stock is owned by institutional investors and hedge funds.
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Microsoft 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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