Microsoft Corporation (MSFT) PT Set at $88.00 by Morgan Stanley

Microsoft Corporation (NASDAQ:MSFT) received a $88.00 price target from research analysts at Morgan Stanley in a research report issued on Friday. The firm currently has a “buy” rating on the software giant’s stock. Morgan Stanley’s price objective would indicate a potential upside of 5.00% from the company’s previous close.

A number of other research firms also recently weighed in on MSFT. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $88.00 target price (up from $78.00) on shares of Microsoft Corporation in a research report on Tuesday, July 18th. Stifel Nicolaus reissued a “buy” rating and set a $73.00 target price on shares of Microsoft Corporation in a research report on Monday, July 17th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co set a $64.00 target price on Microsoft Corporation and gave the stock a “neutral” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the stock. Microsoft Corporation currently has an average rating of “Buy” and a consensus price target of $81.13.

Microsoft Corporation (NASDAQ:MSFT) traded up 6.41% during trading on Friday, hitting $83.81. The stock had a trading volume of 71,066,729 shares. The firm’s 50-day moving average price is $76.09 and its 200-day moving average price is $72.00. The stock has a market cap of $645.53 billion, a PE ratio of 30.93 and a beta of 1.01. Microsoft Corporation has a 1-year low of $57.28 and a 1-year high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 37.65% and a net margin of 24.56%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. On average, equities research analysts predict that Microsoft Corporation will post $3.19 earnings per share for the current fiscal year.

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In related news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders sold a total of 7,081,763 shares of company stock worth $513,899,512 over the last ninety days. 1.49% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Microsoft Corporation by 4.6% in 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 acquiring an additional 25,053,413 shares in the last quarter. State Street Corp lifted its position in Microsoft Corporation by 0.8% in 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 acquiring an additional 2,552,473 shares in the last quarter. Capital Research Global Investors lifted its position in Microsoft Corporation by 212.3% in 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 acquiring an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC lifted its position in Microsoft Corporation by 609.4% in 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 acquiring an additional 42,243,011 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Microsoft Corporation by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock valued at $2,597,786,000 after acquiring an additional 425,485 shares in the last quarter. 73.26% of the stock is currently owned by institutional investors and hedge funds.

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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