Microsoft (NASDAQ:MSFT) Trading Up 0.5% on Analyst Upgrade

Microsoft Co. (NASDAQ:MSFTGet Free Report) shares were up 0.5% on Wednesday after Argus raised their price target on the stock from $475.00 to $526.00. Argus currently has a buy rating on the stock. Microsoft traded as high as $463.62 and last traded at $461.78. Approximately 3,718,688 shares traded hands during trading, a decline of 82% from the average daily volume of 20,518,309 shares. The stock had previously closed at $459.54.

A number of other equities research analysts also recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. Macquarie increased their price target on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley raised their target price on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler restated an “overweight” rating and issued a $465.00 target price (up previously from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Finally, BMO Capital Markets increased their price target on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Three analysts have rated the stock with a hold rating and thirty-three have given 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 Research Report on MSFT

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the firm’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 transaction 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 $19,534,480.83. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Microsoft

Several hedge funds have recently modified their holdings of the stock. Financial Security Advisor Inc. lifted its position in Microsoft by 1.7% during the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after buying an additional 452 shares in the last quarter. Gunderson Capital Management Inc. lifted its position in Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC lifted its position in Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after buying an additional 1,067 shares in the last quarter. Bayesian Capital Management LP lifted its position in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after buying an additional 18,200 shares in the last quarter. Finally, RNC Capital Management LLC lifted its position in Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after buying an additional 6,484 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Up 1.5 %

The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 40.37, a PEG ratio of 2.20 and a beta of 0.89. 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 business’s 50-day simple moving average is $433.86 and its two-hundred day simple moving average is $414.95.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its 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. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period in the previous year, the company posted $2.45 earnings per share. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. Microsoft’s payout ratio is currently 25.97%.

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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