Microsoft (MSFT) PT Raised to $155.00

Microsoft (NASDAQ:MSFT) had its price objective increased by analysts at Bank of America from $150.00 to $155.00 in a research note issued on Thursday, Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the software giant’s stock. Bank of America‘s price target suggests a potential upside of 19.34% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group set a $125.00 target price on Microsoft and gave the company a “buy” rating in a report on Sunday, January 27th. Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Thursday, January 24th. Goldman Sachs Group restated a “buy” rating and set a $123.00 price objective on shares of Microsoft in a report on Wednesday, January 23rd. Royal Bank of Canada restated a “buy” rating and set a $124.00 price objective on shares of Microsoft in a report on Monday, January 21st. Finally, Sanford C. Bernstein set a $137.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $129.45.

NASDAQ:MSFT traded up $4.87 during trading hours on Thursday, reaching $129.88. 13,534,481 shares of the company traded hands, compared to its average volume of 18,309,262. The stock has a market cap of $965.86 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.08 and a current ratio of 3.12. Microsoft has a 1-year low of $90.28 and a 1-year high of $125.85.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. The firm had revenue of $30.57 billion for the quarter, compared to analysts’ expectations of $29.86 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. Microsoft’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. As a group, equities research analysts predict that Microsoft will post 4.42 earnings per share for the current fiscal year.

In related news, CEO Satya Nadella sold 267,466 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total value of $28,354,070.66. Following the transaction, the chief executive officer now directly owns 1,746,854 shares of the company’s stock, valued at approximately $185,183,992.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $110.46, for a total value of $552,300.00. Following the completion of the transaction, the chief marketing officer now directly owns 156,866 shares in the company, valued at $17,327,418.36. The disclosure for this sale can be found here. Insiders sold a total of 333,667 shares of company stock worth $35,657,016 over the last ninety days. Corporate insiders own 1.38% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nelson Roberts Investment Advisors LLC increased its position in shares of Microsoft by 380.7% during the third quarter. Nelson Roberts Investment Advisors LLC now owns 72,661 shares of the software giant’s stock worth $8,310,000 after acquiring an additional 57,546 shares during the last quarter. Farmers Trust Co. increased its position in shares of Microsoft by 1.4% during the third quarter. Farmers Trust Co. now owns 95,532 shares of the software giant’s stock worth $10,926,000 after acquiring an additional 1,365 shares during the last quarter. Ipswich Investment Management Co. Inc. increased its position in shares of Microsoft by 0.7% during the third quarter. Ipswich Investment Management Co. Inc. now owns 98,279 shares of the software giant’s stock worth $11,240,000 after acquiring an additional 696 shares during the last quarter. Spence Asset Management increased its position in shares of Microsoft by 3.6% during the third quarter. Spence Asset Management now owns 74,650 shares of the software giant’s stock worth $8,538,000 after acquiring an additional 2,610 shares during the last quarter. Finally, Personal Capital Advisors Corp increased its position in shares of Microsoft by 3.5% during the third quarter. Personal Capital Advisors Corp now owns 471,505 shares of the software giant’s stock worth $53,926,000 after acquiring an additional 15,853 shares during the last quarter. 72.94% of the stock is currently owned by institutional investors and hedge funds.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Further Reading: Growth and Income Funds

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