Microsoft (NASDAQ:MSFT) Price Target Cut to $340.00

Microsoft (NASDAQ:MSFT – Get Rating) had its price target reduced by analysts at BMO Capital Markets from $345.00 to $340.00 in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the software giant’s stock. BMO Capital Markets’ target price suggests a potential upside of 17.39% from the company’s current price.

MSFT has been the subject of a number of other research reports. Fundamental Research lifted their target price on shares of Microsoft from $299.93 to $306.55 and gave the stock a “hold” rating in a research report on Wednesday, January 26th. JPMorgan Chase & Co. set a $320.00 price objective on shares of Microsoft in a research report on Wednesday, January 26th. Citigroup cut their price objective on shares of Microsoft from $386.00 to $355.00 and set a “buy” rating for the company in a research report on Tuesday, April 19th. UBS Group set a $360.00 price objective on shares of Microsoft in a research report on Monday, April 11th. Finally, Tigress Financial boosted their target price on shares of Microsoft from $366.00 to $411.00 and gave the company a “buy” rating in a report on Friday, February 4th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $356.65.

Shares of MSFT opened at $289.63 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.17 trillion, a P/E ratio of 30.84, a PEG ratio of 2.43 and a beta of 0.91. The company has a 50-day moving average of $292.56 and a two-hundred day moving average of $310.40. Microsoft has a 12-month low of $238.07 and a 12-month high of $349.67.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The company had revenue of $49.36 billion during the quarter, compared to analysts’ expectations of $49.05 billion. Microsoft had a net margin of 38.50% and a return on equity of 45.73%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 earnings per share. As a group, analysts forecast that Microsoft will post 9.31 EPS for the current fiscal year.

In related news, Director Emma N. Walmsley purchased 1,600 shares of the business’s stock in a transaction that occurred on Monday, January 31st. The shares were purchased at an average cost of $311.53 per share, with a total value of $498,448.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Smith sold 27,860 shares of the company’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $304.64, for a total transaction of $8,487,270.40. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MSFT. Steward Financial Group LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $330,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Microsoft by 0.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 717,041 shares of the software giant’s stock worth $241,156,000 after purchasing an additional 3,421 shares during the period. Zimmermann Investment Management & Planning LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $2,550,000. Asahi Life Asset Management CO. LTD. raised its holdings in shares of Microsoft by 1.8% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 198,595 shares of the software giant’s stock worth $66,791,000 after purchasing an additional 3,512 shares during the period. Finally, WESPAC Advisors SoCal LLC raised its holdings in shares of Microsoft by 1.0% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 54,706 shares of the software giant’s stock worth $16,891,000 after purchasing an additional 536 shares during the period. 69.41% of the stock is currently owned by hedge funds and other institutional investors.

About Microsoft (Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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