Microsoft (NASDAQ:MSFT) Price Target Raised to $600.00

by · The Cerbat Gem

Microsoft (NASDAQ:MSFT – Free Report) had its price target lifted by Wedbush from $515.00 to $600.00 in a research note published on Wednesday, MarketBeat.com reports. Wedbush currently has an outperform rating on the software giant’s stock.

MSFT has been the topic of a number of other research reports. Wells Fargo & Company raised their price target on Microsoft from $565.00 to $585.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson raised their price target on Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Bank of America lowered their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $521.14.

Read Our Latest Analysis on Microsoft

Microsoft Trading Down 0.3%

Shares of MSFT stock opened at $495.94 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft has a 52-week low of $344.79 and a 52-week high of $499.30. The company has a market capitalization of $3.69 trillion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03. The business’s fifty day moving average is $449.47 and its 200 day moving average is $422.12.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the business posted $2.94 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts anticipate that Microsoft will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft’s payout ratio is 25.66%.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president now directly owns 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Microsoft

Hedge funds have recently made changes to their positions in the stock. Adamsbrown Wealth Consultants LLC boosted its position in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. raised its holdings in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after acquiring an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC raised its holdings in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after acquiring an additional 294 shares during the last quarter. Strategic Financial Services Inc. raised its holdings in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. raised its holdings in Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after acquiring an additional 1,043 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

About Microsoft

(Get Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

Recommended Stories