Mizuho Cuts Microsoft (NASDAQ:MSFT) Price Target to $280.00

Microsoft (NASDAQ:MSFTGet Rating) had its price objective reduced by equities researchers at Mizuho from $290.00 to $280.00 in a research report issued on Friday, The Fly reports. The brokerage presently has a “buy” rating on the software giant’s stock. Mizuho’s target price would indicate a potential upside of 15.68% from the stock’s current price.

A number of other analysts have also recently commented on the company. Cowen cut their target price on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. Cowen cut their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Wedbush cut their target price on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Guggenheim cut Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price on the stock. in a research report on Tuesday, January 17th. Finally, Evercore ISI cut their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $286.73.

Microsoft Stock Down 0.2 %

Shares of NASDAQ MSFT opened at $242.04 on Friday. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The business has a 50-day moving average of $241.72 and a two-hundred day moving average of $249.53. Microsoft has a 1 year low of $213.43 and a 1 year high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.02. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. Microsoft’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.48 EPS. On average, analysts forecast that Microsoft will post 9.49 earnings per share for the current fiscal year.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the transaction, the executive vice president now owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Institutional Trading of Microsoft

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its stake in shares of Microsoft by 8.9% during the 4th quarter. Lindbrook Capital LLC now owns 47,529 shares of the software giant’s stock worth $11,398,000 after purchasing an additional 3,877 shares during the last quarter. Intelligent Financial Strategies lifted its stake in shares of Microsoft by 10.5% during the fourth quarter. Intelligent Financial Strategies now owns 6,087 shares of the software giant’s stock valued at $1,460,000 after buying an additional 579 shares during the period. Kooman & Associates acquired a new stake in Microsoft during the fourth quarter worth approximately $807,000. Bill Few Associates Inc. grew its stake in Microsoft by 0.5% in the 4th quarter. Bill Few Associates Inc. now owns 38,717 shares of the software giant’s stock worth $9,285,000 after acquiring an additional 181 shares during the period. Finally, Bouchey Financial Group Ltd raised its holdings in Microsoft by 4.1% in the 4th quarter. Bouchey Financial Group Ltd now owns 10,577 shares of the software giant’s stock valued at $2,537,000 after acquiring an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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