Microsoft Co. (NASDAQ:MSFT – Get Free Report)’s stock price shot up 0.2% on Friday after Tigress Financial raised their price target on the stock from $475.00 to $550.00. Tigress Financial currently has a buy rating on the stock. Microsoft traded as high as $442.78 and last traded at $442.36. 4,072,759 shares were traded during trading, a decline of 80% from the average session volume of 20,883,336 shares. The stock had previously closed at $441.58.
Other equities research analysts have also recently issued research reports about the stock. DA Davidson reaffirmed a “buy” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. New Street Research initiated coverage on shares of Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, March 25th. JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $465.83.
View Our Latest Analysis on MSFT
Insider Activity
In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Financial Security Advisor Inc. increased its position in shares of Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after buying an additional 452 shares in the last quarter. Gunderson Capital Management Inc. increased its position in shares of Microsoft by 0.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC boosted its stake in shares of Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after acquiring an additional 1,067 shares during the last quarter. Bayesian Capital Management LP boosted its stake in shares of Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after acquiring an additional 18,200 shares during the last quarter. Finally, RNC Capital Management LLC boosted its stake in shares of Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after acquiring an additional 6,484 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Trading Up 0.2 %
The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.29 trillion, a price-to-earnings ratio of 38.32, a price-to-earnings-growth ratio of 2.33 and a beta of 0.89. The business has a 50 day moving average of $417.71 and a 200 day moving average of $404.48.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period last year, the company earned $2.45 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.
About Microsoft
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.
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