Microsoft (NASDAQ:MSFT) PT Raised to $160.00

Microsoft (NASDAQ:MSFT) had its price target lifted by CIBC from $145.00 to $160.00 in a research report released on Friday, FirstToMarketsRatingsTable reports. The brokerage currently has an outperform rating on the software giant’s stock.

MSFT has been the subject of several other research reports. BMO Capital Markets reissued an outperform rating and set a $115.00 price objective (down previously from $118.00) on shares of New Relic in a research report on Tuesday, July 16th. UBS Group reissued a buy rating and set a $124.00 price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. Piper Jaffray Companies reissued an overweight rating and set a $760.00 price objective (up previously from $755.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 25th. Citigroup set a $12.00 target price on shares of Controladora Vuela Co Avcn SA CV and gave the stock a buy rating in a report on Monday, July 15th. Finally, Nomura increased their target price on shares of Visa from $175.00 to $178.00 and gave the stock a buy rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-seven have issued a buy rating and three have given a strong buy rating to the stock. Microsoft has a consensus rating of Buy and a consensus price target of $146.41.

Shares of MSFT stock opened at $138.43 on Friday. The stock’s fifty day moving average is $134.53. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. Microsoft has a 12-month low of $93.96 and a 12-month high of $140.67. The company has a market capitalization of $1,046.89 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 2.43 and a beta of 1.21.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft will post 5.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio is presently 38.74%.

In other news, EVP Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $128.87, for a total transaction of $386,610.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 15,947 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the sale, the executive vice president now owns 202,518 shares of the company’s stock, valued at approximately $26,969,322.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,247 shares of company stock valued at $28,204,754. 1.38% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MSFT. Lunia Capital LP lifted its stake in shares of Microsoft by 9,650.2% during the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after buying an additional 16,861,809 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in Microsoft by 13,479.6% during the second quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock worth $872,628,000 after acquiring an additional 8,662,023 shares during the period. Actiam N.V. bought a new position in Microsoft during the fourth quarter worth about $117,106,000. Mn Services Vermogensbeheer B.V. increased its position in Microsoft by 74.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 2,035,128 shares of the software giant’s stock worth $180,823,000 after acquiring an additional 867,711 shares during the period. Finally, Fisher Asset Management LLC increased its position in Microsoft by 3.6% during the fourth quarter. Fisher Asset Management LLC now owns 19,441,789 shares of the software giant’s stock worth $1,974,703,000 after acquiring an additional 672,487 shares during the period. Institutional investors own 72.04% of the company’s stock.

Microsoft Company Profile

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.

See Also: Net Margin

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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