Microsoft (NASDAQ:MSFT) Shares Up 0.6% on Analyst Upgrade

Shares of Microsoft Co. (NASDAQ:MSFTGet Free Report) shot up 0.6% during trading on Monday after Oppenheimer raised their price target on the stock from $450.00 to $500.00. Oppenheimer currently has an outperform rating on the stock. Microsoft traded as high as $427.84 and last traded at $426.34. 2,935,637 shares traded hands during trading, a decline of 86% from the average session volume of 21,029,584 shares. The stock had previously closed at $423.85.

MSFT has been the subject of several other reports. KeyCorp initiated coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price for the company. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, March 25th. Piper Sandler reaffirmed an “overweight” rating and set a $465.00 target price (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Raymond James reissued an “outperform” rating and issued a $480.00 price target (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Finally, BMO Capital Markets lifted their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $463.69.

Check Out Our Latest Report on Microsoft

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Microsoft

A number of large investors have recently modified their holdings of the company. Friedenthal Financial bought a new position in shares of Microsoft in the fourth quarter worth $45,000. Richardson Capital Management LLC grew its position in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares in the last quarter. Neo Ivy Capital Management bought a new position in Microsoft in the 4th quarter worth about $58,000. Bellevue Group AG raised its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. Finally, PayPay Securities Corp boosted its position in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The company has a fifty day moving average price of $416.26 and a 200 day moving average price of $403.12. The company has a market cap of $3.18 trillion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last released 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 during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.45 EPS. As a group, analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

About Microsoft

(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.

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