Microsoft (NASDAQ:MSFT) Price Target Raised to $360.00

Microsoft (NASDAQ:MSFT) had its price objective raised by BMO Capital Markets from $355.00 to $360.00 in a research note published on Wednesday, Analyst Ratings Network reports. BMO Capital Markets currently has an outperform rating on the software giant’s stock.

Several other research firms have also weighed in on MSFT. Sumitomo Mitsui Financial Group assumed coverage on Microsoft in a report on Wednesday, December 22nd. They set an outperform rating and a $410.00 target price on the stock. Citigroup raised their target price on Microsoft from $384.00 to $407.00 and gave the company a buy rating in a report on Wednesday, October 27th. Tigress Financial reaffirmed a buy rating and issued a $366.00 price target (up from $303.00) on shares of Microsoft in a research report on Friday, September 17th. Wedbush raised their price target on Microsoft from $350.00 to $375.00 and gave the company an outperform rating in a research report on Wednesday, October 20th. Finally, Bank of America raised their price target on Microsoft from $340.00 to $365.00 and gave the company a buy rating in a research report on Wednesday, October 27th. One analyst has rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of $351.34.

Shares of NASDAQ:MSFT opened at $310.20 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 2.12 and a debt-to-equity ratio of 0.33. Microsoft has a 1 year low of $212.03 and a 1 year high of $349.67. The business has a fifty day simple moving average of $330.98 and a 200 day simple moving average of $307.88. The firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.77 and a beta of 0.86.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.19. Microsoft had a return on equity of 45.80% and a net margin of 38.51%. The company had revenue of $45.32 billion for the quarter, compared to analyst estimates of $44 billion. During the same period last year, the company earned $1.82 earnings per share. The business’s revenue was up 22.0% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft will post 9.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 10th. Shareholders of record on Thursday, February 17th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, February 16th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s payout ratio is presently 27.74%.

In other news, Director Teri List sold 1,650 shares of the firm’s stock in a transaction on Tuesday, December 7th. The shares were sold at an average price of $334.90, for a total transaction of $552,585.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 55,000 shares of Microsoft stock in a transaction on Monday, November 1st. The stock was sold at an average price of $328.60, for a total transaction of $18,073,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 530,699 shares of company stock worth $181,312,457 in the last quarter. 0.05% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Dark Forest Capital Management LP purchased a new position in Microsoft during the third quarter valued at approximately $71,000. Syverson Strege & Co purchased a new stake in shares of Microsoft in the 3rd quarter valued at $72,000. Yale University purchased a new stake in shares of Microsoft in the 2nd quarter valued at $110,000. First Command Advisory Services Inc. purchased a new stake in shares of Microsoft in the 3rd quarter valued at $127,000. Finally, Strategic Asset Management LLC bought a new stake in Microsoft during the 3rd quarter valued at $168,000. 69.01% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Company Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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