Royal Bank of Canada Analysts Give Microsoft (NASDAQ:MSFT) a $380.00 Price Target

Royal Bank of Canada set a $380.00 price objective on Microsoft (NASDAQ:MSFTGet Rating) in a report released on Thursday morning, Borsen Zeitung reports.

MSFT has been the subject of a number of other research reports. Wells Fargo & Company reduced their price target on Microsoft from $425.00 to $400.00 and set an overweight rating for the company in a report on Tuesday, April 19th. William Blair reaffirmed an outperform rating on shares of Microsoft in a report on Wednesday, April 27th. Fundamental Research reduced their target price on Microsoft from $299.93 to $298.00 and set a hold rating for the company in a report on Tuesday, May 3rd. StockNews.com began coverage on Microsoft in a research note on Thursday, March 31st. They issued a buy rating on the stock. Finally, Jefferies Financial Group set a $400.00 price target on Microsoft in a report on Monday, January 24th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $356.37.

Shares of MSFT stock opened at $253.14 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $286.48 and a 200 day moving average price of $306.28. The company has a market cap of $1.89 trillion, a P/E ratio of 26.42, a PEG ratio of 2.16 and a beta of 0.94. Microsoft has a 12 month low of $243.00 and a 12 month high of $349.67.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Investors of record on Thursday, May 19th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, May 18th. This represents a $2.48 annualized dividend and a yield of 0.98%. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

A number of hedge funds and other institutional investors have recently made changes to their positions in MSFT. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter worth about $24,401,940,000. Aaron Wealth Advisors LLC raised its holdings in Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Microsoft during the fourth quarter worth approximately $2,952,329,000. State Street Corp boosted its holdings in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after acquiring an additional 8,108,943 shares during the period. Finally, MFA Wealth Advisors LLC grew its position in shares of Microsoft by 25,253.5% in 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. 69.99% of the stock is currently owned by hedge funds and other 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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