Microsoft (NASDAQ:MSFT) PT Raised to $550.00

Microsoft (NASDAQ:MSFTGet Free Report) had its price target raised by stock analysts at Jefferies Financial Group from $465.00 to $550.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the software giant’s stock. Jefferies Financial Group’s price target points to a potential upside of 30.50% from the stock’s current price.

Several other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Barclays increased their price target on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Argus raised their target price on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Royal Bank of Canada raised their price target on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price target on shares of Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $425.52.

View Our Latest Analysis on Microsoft

Microsoft Stock Performance

Shares of MSFT opened at $421.44 on Monday. The company’s 50 day moving average price is $411.82 and its 200 day moving average price is $376.06. Microsoft has a 52 week low of $275.37 and a 52 week high of $430.82. The company has a market capitalization of $3.13 trillion, a PE ratio of 37.94, a PEG ratio of 2.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 earnings per share. Research analysts expect that Microsoft will post 11.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. In the last three months, insiders sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Microsoft

Several hedge funds have recently made changes to their positions in the company. Morris Financial Concepts Inc. lifted its position in Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares during the period. Innova Wealth Partners lifted its position in Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after purchasing an additional 25 shares during the period. Arkansas Financial Group Inc. lifted its position in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after purchasing an additional 25 shares during the period. Sicart Associates LLC lifted its position in Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares during the period. Finally, Capital Wealth Management LLC lifted its position in Microsoft by 1.7% in the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

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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