Microsoft (NASDAQ:MSFT) Price Target Lowered to $275.00 at Wolfe Research

Microsoft (NASDAQ:MSFTGet Rating) had its price target cut by Wolfe Research from $320.00 to $275.00 in a research report sent to investors on Friday, MarketBeat.com reports. They currently have an outperform rating on the software giant’s stock.

A number of other research analysts have also commented on MSFT. Piper Sandler lowered their price target on Microsoft from $352.00 to $312.00 and set an overweight rating for the company in a research report on Friday, July 8th. Evercore ISI decreased their target price on Microsoft from $370.00 to $330.00 and set an inline rating for the company in a research report on Wednesday, April 27th. Cowen reissued a maintains rating on shares of Microsoft in a research report on Wednesday, July 27th. Royal Bank of Canada set a $380.00 target price on Microsoft in a research report on Thursday, May 19th. Finally, The Goldman Sachs Group set a $365.00 target price on Microsoft in a research report on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft presently has an average rating of Moderate Buy and a consensus target price of $334.80.

Microsoft Trading Down 1.0 %

MSFT opened at $278.01 on Friday. The business has a 50 day simple moving average of $261.71 and a two-hundred day simple moving average of $280.85. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 28.84, a PEG ratio of 2.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. Microsoft has a one year low of $241.51 and a one year high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period in the prior year, the business posted $2.17 EPS. Analysts predict that Microsoft will post 10.14 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.89%. Microsoft’s dividend payout ratio is currently 25.73%.

Hedge Funds Weigh In On Microsoft

A number of institutional investors have recently bought and sold shares of the stock. Cedar Brook Financial Partners LLC raised its holdings in Microsoft by 6.0% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock valued at $5,520,000 after acquiring an additional 931 shares during the period. ACT Wealth Management LLC raised its holdings in Microsoft by 0.8% during the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after acquiring an additional 34 shares during the period. Alley Co LLC raised its holdings in Microsoft by 1.4% during the fourth quarter. Alley Co LLC now owns 59,420 shares of the software giant’s stock valued at $19,984,000 after acquiring an additional 822 shares during the period. Burleson & Company LLC raised its holdings in Microsoft by 2.6% during the fourth quarter. Burleson & Company LLC now owns 100,996 shares of the software giant’s stock valued at $33,967,000 after acquiring an additional 2,519 shares during the period. Finally, Brickley Wealth Management grew its position in shares of Microsoft by 12.2% during the fourth quarter. Brickley Wealth Management now owns 3,140 shares of the software giant’s stock valued at $1,056,000 after purchasing an additional 341 shares in the last quarter. 69.99% of the stock is owned by institutional investors.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

See Also

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

Want More Great Investing Ideas?

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.