Microsoft (MSFT) Given a $100.00 Price Target by Oppenheimer Analysts

Microsoft (NASDAQ:MSFT) received a $100.00 price target from analysts at Oppenheimer in a report issued on Tuesday. The brokerage currently has a “buy” rating on the software giant’s stock. Oppenheimer’s target price suggests a potential upside of 16.95% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Canaccord Genuity reiterated a “hold” rating and set a $76.00 target price on shares of Microsoft in a research report on Friday, September 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 target price (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. UBS Group set a $105.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, November 9th. Vetr lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price on the stock. in a research report on Monday, December 11th. Finally, KeyCorp reiterated a “buy” rating and set a $94.00 target price on shares of Microsoft in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft presently has an average rating of “Buy” and a consensus target price of $85.82.

Shares of Microsoft (MSFT) opened at $85.51 on Tuesday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The stock has a market cap of $659,670.00, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. Microsoft has a 12-month low of $61.95 and a 12-month high of $87.50.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. sell-side analysts predict that Microsoft will post 3.38 earnings per share for the current fiscal year.

In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $3,759,420. Insiders own 1.49% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Microsoft by 4.6% in the second 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 in the last quarter. State Street Corp increased its stake in Microsoft by 0.8% in the first 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 in the last quarter. Capital Research Global Investors increased its stake in Microsoft by 212.3% in the second 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 in the last quarter. Janus Henderson Group PLC increased its stake in Microsoft by 609.4% in the second 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 in the last quarter. Finally, Legal & General Group Plc increased its stake in Microsoft by 2.1% in the third 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 in the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

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About Microsoft

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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