Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday. They currently have a $124.00 price objective on the software giant’s stock. Royal Bank of Canada’s target price indicates a potential upside of 11.00% from the company’s current price.

Several other brokerages have also recently weighed in on MSFT. BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 18th. Griffin Securities raised their price target on shares of Microsoft from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, July 20th. MED reaffirmed a “buy” rating on shares of Microsoft in a research report on Tuesday, May 8th. Deutsche Bank raised their price target on shares of Microsoft to $130.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $118.11.

Shares of NASDAQ MSFT opened at $111.71 on Monday. Microsoft has a fifty-two week low of $72.92 and a fifty-two week high of $112.78. The stock has a market capitalization of $864.92 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 2.15 and a beta of 1.26. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.23 billion. During the same quarter last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. sell-side analysts expect that Microsoft will post 4.25 earnings per share for the current year.

In other news, EVP Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $100.99, for a total transaction of $1,009,900.00. Following the completion of the sale, the executive vice president now owns 158,601 shares in the company, valued at approximately $16,017,114.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 442,880 shares of company stock valued at $48,304,569. Company insiders own 1.49% of the company’s stock.

Several hedge funds have recently modified their holdings of MSFT. Peak Capital Management LLC purchased a new position in Microsoft in the 2nd quarter valued at approximately $107,000. Fort L.P. purchased a new position in Microsoft in the 2nd quarter valued at approximately $119,000. WP Advisors LLC purchased a new position in Microsoft in the 2nd quarter valued at approximately $131,000. LFA Lugano Financial Advisors SA purchased a new position in Microsoft in the 2nd quarter valued at approximately $139,000. Finally, Live Your Vision LLC grew its stake in Microsoft by 58.7% in the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after buying an additional 509 shares in the last quarter. Institutional investors own 71.71% of the company’s stock.

About Microsoft

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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