Microsoft (NASDAQ:MSFT) Hits New 1-Year High on Analyst Upgrade

Shares of Microsoft Co. (NASDAQ:MSFTGet Free Report) hit a new 52-week high during mid-day trading on Monday after Citigroup raised their price target on the stock from $495.00 to $520.00. Citigroup currently has a buy rating on the stock. Microsoft traded as high as $452.75 and last traded at $450.33, with a volume of 3578785 shares changing hands. The stock had previously closed at $449.78.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $455.00 price target on shares of Microsoft in a research report on Monday, April 22nd. Wells Fargo & Company lifted their price target on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. DA Davidson reissued a “buy” rating and set a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. Raymond James reissued an “outperform” rating and set a $480.00 price target (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Finally, Sanford C. Bernstein raised their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $467.12.

Read Our Latest Analysis on MSFT

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the business’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 transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Judson Althoff sold 25,000 shares of the business’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 transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 over the last three months. 0.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Microsoft

Hedge funds have recently modified their holdings of the stock. TruNorth Capital Management LLC purchased a new stake in Microsoft during the first quarter valued at $1,115,000. SRN Advisors LLC raised its stake in Microsoft by 2.5% during the first quarter. SRN Advisors LLC now owns 6,071 shares of the software giant’s stock valued at $2,554,000 after purchasing an additional 146 shares in the last quarter. Breakwater Investment Management purchased a new stake in Microsoft during the first quarter valued at $11,484,000. NBW Capital LLC raised its stake in Microsoft by 1.2% during the first quarter. NBW Capital LLC now owns 48,373 shares of the software giant’s stock valued at $20,351,000 after purchasing an additional 562 shares in the last quarter. Finally, Keynote Financial Services LLC purchased a new stake in Microsoft during the first quarter valued at $4,415,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.5 %

The company has a market cap of $3.33 trillion, a PE ratio of 38.76, a P/E/G ratio of 2.35 and a beta of 0.89. The stock’s 50 day moving average is $420.65 and its 200-day moving average is $407.98. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $2.45 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 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.

Read More

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.