Microsoft (NASDAQ:MSFT) Given a $320.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $320.00 price target on Microsoft (NASDAQ:MSFTGet Rating) in a research note released on Wednesday morning, Borsen Zeitung reports.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Microsoft from $390.00 to $350.00 and set a buy rating on the stock in a research report on Wednesday. Mizuho reduced their price target on Microsoft from $360.00 to $350.00 in a research report on Tuesday, January 18th. Summit Insights reiterated a buy rating on shares of Microsoft in a research report on Tuesday, January 25th. Fundamental Research upped their price target on Microsoft from $299.93 to $306.55 and gave the company a hold rating in a research report on Wednesday, January 26th. Finally, Morgan Stanley upped their price target on Microsoft from $364.00 to $372.00 and gave the company an overweight rating in a research report on Wednesday, January 26th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $354.50.

Shares of MSFT opened at $283.22 on Wednesday. The firm has a market cap of $2.12 trillion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.43 and a beta of 0.91. Microsoft has a 52-week low of $238.07 and a 52-week high of $349.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.21 and a current ratio of 2.25. The business’s fifty day moving average is $292.52 and its 200-day moving average is $310.44.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, May 19th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, May 18th. Microsoft’s dividend payout ratio is currently 26.41%.

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

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after acquiring an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC grew its holdings in Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after purchasing an additional 3,027,306 shares during the period. Norges Bank bought a new position in Microsoft during the fourth quarter valued at $24,401,940,000. Morgan Stanley grew its holdings in Microsoft by 4.3% during the second quarter. Morgan Stanley now owns 68,123,020 shares of the software giant’s stock valued at $18,454,527,000 after purchasing an additional 2,783,534 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after purchasing an additional 584,273 shares during the period. 69.41% of the stock is owned by institutional investors.

Microsoft Company Profile (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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