Microsoft (NASDAQ:MSFT) Price Target Raised to $526.00 at Argus

Microsoft (NASDAQ:MSFTFree Report) had its price objective raised by Argus from $475.00 to $526.00 in a research note released on Tuesday, Benzinga reports. They currently have a buy rating on the software giant’s stock.

A number of other analysts have also recently issued reports on MSFT. DA Davidson reissued a buy rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Macquarie boosted their price target on Microsoft from $460.00 to $475.00 and gave the stock an outperform rating in a research report on Friday, May 17th. New Street Research assumed coverage on Microsoft in a research report on Monday, June 10th. They issued a buy rating and a $570.00 price target for the company. KeyCorp assumed coverage on Microsoft in a research report on Thursday, March 21st. They issued an overweight rating and a $490.00 price target for the company. Finally, Wells Fargo & Company boosted their price target on Microsoft from $480.00 to $500.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $469.86.

View Our Latest Analysis on MSFT

Microsoft Price Performance

MSFT opened at $459.54 on Tuesday. The stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.20 and a beta of 0.89. Microsoft has a 1 year low of $309.45 and a 1 year high of $468.35. 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 stock has a fifty day moving average price of $432.43 and a 200 day moving average price of $414.59.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion during 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 revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.45 earnings per share. Analysts forecast that Microsoft will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,566 shares of company stock worth $10,877,535. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MSFT. Friedenthal Financial bought a new position in Microsoft in the 4th quarter valued at $45,000. Neo Ivy Capital Management bought a new position in Microsoft in the 4th quarter valued at $58,000. Richardson Capital Management LLC boosted its position in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares during the last quarter. PayPay Securities Corp boosted its position in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares during the last quarter. Finally, Bellevue Group AG boosted its position in 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 buying an additional 58 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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