Microsoft (NASDAQ:MSFT) Given New $502.00 Price Target at Cantor Fitzgerald

Microsoft (NASDAQ:MSFTFree Report) had its price objective cut by Cantor Fitzgerald from $590.00 to $502.00 in a research report released on Monday morning,MarketScreener reports. The brokerage currently has an overweight rating on the software giant’s stock.

Other equities research analysts have also recently issued reports about the company. Phillip Securities upgraded Microsoft from a “moderate buy” rating to a “strong-buy” rating in a research note on Sunday, February 1st. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a report on Monday, March 9th. UBS Group reiterated a “buy” rating on shares of Microsoft in a research report on Friday. Robert W. Baird reduced their target price on shares of Microsoft from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Finally, Benchmark assumed coverage on shares of Microsoft in a research note on Wednesday, April 1st. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $570.00.

Check Out Our Latest Report on Microsoft

Microsoft Stock Performance

Shares of MSFT stock opened at $424.82 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $393.95 and a two-hundred day moving average of $449.40. Microsoft has a 52 week low of $356.28 and a 52 week high of $555.45. The company has a market cap of $3.15 trillion, a P/E ratio of 26.57, a PEG ratio of 1.60 and a beta of 1.11.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The software giant reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.86 by $0.28. Microsoft had a return on equity of 32.34% and a net margin of 39.04%.The business had revenue of $81.27 billion for the quarter, compared to analysts’ expectations of $80.28 billion. During the same period in the prior year, the firm earned $3.23 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, analysts anticipate that Microsoft will post 16.54 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a $0.91 dividend. The ex-dividend date is Thursday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Microsoft’s dividend payout ratio is 22.76%.

Insider Activity

In other Microsoft news, Director John W. Stanton purchased 5,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was bought at an average cost of $397.35 per share, with a total value of $1,986,750.00. Following the acquisition, the director owned 83,905 shares of the company’s stock, valued at $33,339,651.75. The trade was a 6.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 12,321 shares of Microsoft stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $409.52, for a total transaction of $5,045,695.92. Following the completion of the transaction, the executive vice president directly owned 137,933 shares in the company, valued at $56,486,322.16. This represents a 8.20% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC lifted its holdings in shares of Microsoft by 51.3% during the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after purchasing an additional 20 shares during the last quarter. Bernzott Capital Advisors purchased a new position in Microsoft in the 4th quarter worth about $34,000. Bayforest Capital Ltd acquired a new stake in Microsoft during the 3rd quarter worth about $38,000. Timmons Wealth Management LLC acquired a new stake in Microsoft during the 4th quarter worth about $36,000. Finally, Fairway Wealth LLC boosted its holdings in shares of Microsoft by 287.0% in the fourth quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock worth $43,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Key Headlines Impacting Microsoft

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About Microsoft

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Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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