Microsoft Co. (NASDAQ:MSFT) Receives $356.37 Average Target Price from Brokerages

Shares of Microsoft Co. (NASDAQ:MSFTGet Rating) have been given an average recommendation of “Buy” by the thirty-three ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $356.37.

A number of brokerages have weighed in on MSFT. UBS Group set a $360.00 price target on shares of Microsoft in a report on Monday, April 11th. Citigroup upped their price target on shares of Microsoft from $355.00 to $364.00 in a report on Wednesday, April 27th. Summit Insights reissued a “buy” rating on shares of Microsoft in a report on Tuesday, January 25th. JPMorgan Chase & Co. set a $320.00 price objective on shares of Microsoft in a research note on Wednesday, April 27th. Finally, Zacks Investment Research raised shares of Microsoft from a “sell” rating to a “hold” rating and set a $329.00 price objective for the company in a research note on Thursday, April 21st.

A number of hedge funds have recently made changes to their positions in MSFT. Norges Bank acquired a new position in Microsoft during the fourth quarter valued at approximately $24,401,940,000. Aaron Wealth Advisors LLC grew its holdings in Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Microsoft during the fourth quarter valued at approximately $2,952,329,000. State Street Corp grew its holdings in Microsoft by 2.8% during 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 purchasing an additional 8,108,943 shares during the last quarter. Finally, MFA Wealth Advisors LLC grew its holdings in Microsoft by 25,253.5% during the third quarter. MFA Wealth Advisors LLC now owns 7,462,051 shares of the software giant’s stock valued at $7,924,000 after purchasing an additional 7,432,619 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.

MSFT stock opened at $261.12 on Friday. The company has a market capitalization of $1.95 trillion, a P/E ratio of 27.26, a PEG ratio of 2.21 and a beta of 0.94. The company has a 50-day simple moving average of $288.37 and a 200 day simple moving average of $308.03. Microsoft has a fifty-two week low of $238.60 and a fifty-two week high of $349.67. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.30.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.04. The business had revenue of $49.36 billion during the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.95 earnings per share. Equities analysts anticipate that Microsoft will post 9.32 EPS for the current year.

The business also recently declared 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. The ex-dividend date is Wednesday, May 18th. This represents a $2.48 annualized dividend and a yield of 0.95%. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

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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