Microsoft (NASDAQ:MSFT) Price Target Increased to $500.00 by Analysts at Oppenheimer

Microsoft (NASDAQ:MSFTFree Report) had its price objective upped by Oppenheimer from $450.00 to $500.00 in a report issued on Friday, MarketBeat Ratings reports. They currently have an outperform rating on the software giant’s stock.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets raised their price target on shares of Microsoft from $455.00 to $465.00 and gave the stock an outperform rating in a report on Friday, April 12th. Royal Bank of Canada reissued an outperform rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday, May 24th. Raymond James reaffirmed an outperform rating and set a $480.00 price target (up previously from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Stifel Nicolaus reiterated a buy rating and issued a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. Finally, StockNews.com downgraded Microsoft from a buy rating to a hold rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $460.56.

Check Out Our Latest Research Report on Microsoft

Microsoft Stock Down 0.2 %

MSFT opened at $423.85 on Friday. Microsoft has a 12 month low of $309.45 and a 12 month high of $433.60. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $416.20 and its 200-day moving average price is $402.39. The company has a market cap of $3.15 trillion, a P/E ratio of 36.70, a P/E/G ratio of 2.24 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. On average, equities analysts expect that Microsoft will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 25.97%.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders sold 47,521 shares of company stock worth $19,746,476 over the last quarter. 0.03% of the stock is currently owned by insiders.

Institutional Trading of Microsoft

Hedge funds have recently bought and sold shares of the company. Friedenthal Financial bought a new stake in Microsoft during the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management bought a new stake in shares of Microsoft during the 4th quarter valued at $58,000. Richardson Capital Management LLC increased its stake in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. PayPay Securities Corp raised its holdings in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the period. Finally, Bellevue Group AG lifted its position in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Company Profile

(Get Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

Read More

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.