Microsoft Corporation (NASDAQ:MSFT) has been assigned a $92.00 price target by analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Thursday. The brokerage currently has a “buy” rating on the software giant’s stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential upside of 10.74% from the stock’s previous close.
Several other analysts have also weighed in on the company. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 target price on the stock in a report on Monday. Zacks Investment Research lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. UBS AG set a $105.00 target price on Microsoft Corporation and gave the company a “buy” rating in a report on Thursday, November 9th. Tigress Financial reissued a “buy” rating on shares of Microsoft Corporation in a report on Tuesday, November 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $100.00 target price on shares of Microsoft Corporation in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and an average target price of $83.86.
Microsoft Corporation (NASDAQ MSFT) traded up $0.10 during trading hours on Thursday, reaching $83.08. The company’s stock had a trading volume of 6,058,256 shares, compared to its average volume of 22,427,568. The stock has a market capitalization of $641,240.00, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Corporation has a 1 year low of $58.80 and a 1 year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. Microsoft Corporation’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. sell-side analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares in the company, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. Insiders have sold a total of 104,763 shares of company stock valued at $7,908,472 in the last 90 days. Insiders own 1.49% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Microsoft Corporation by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares during the period. State Street Corp boosted its position in Microsoft Corporation by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Capital Research Global Investors boosted its position in Microsoft Corporation by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC boosted its position in Microsoft Corporation by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Finally, Legal & General Group Plc boosted its position in Microsoft Corporation by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock valued at $2,864,881,000 after purchasing an additional 774,549 shares during the period. Institutional investors and hedge funds own 73.37% of the company’s stock.
About Microsoft Corporation
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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