Microsoft (NASDAQ:MSFT) Price Target Raised to $310.00

Posted by Defense World Staff on Apr 16th, 2023

Microsoft (NASDAQ:MSFT – Get Rating) had its target price upped by BMO Capital Markets from $305.00 to $310.00 in a research note published on Friday morning, The Fly reports.

MSFT has been the topic of several other research reports. KeyCorp increased their price target on shares of Microsoft from $270.00 to $316.00 and gave the stock an overweight rating in a research note on Wednesday, March 29th. Mizuho raised their target price on shares of Microsoft from $300.00 to $315.00 and gave the company a buy rating in a research note on Friday, March 17th. Jefferies Financial Group set a $310.00 target price on shares of Microsoft in a research note on Monday, February 27th. The Goldman Sachs Group set a $315.00 target price on shares of Microsoft in a research note on Wednesday, January 25th. Finally, Wedbush raised their target price on shares of Microsoft from $290.00 to $315.00 and gave the company an outperform rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $292.95.

Microsoft Stock Down 1.3 %

Microsoft stock opened at $286.14 on Friday. The firm has a market cap of $2.13 trillion, a PE ratio of 31.79, a P/E/G ratio of 2.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The firm’s 50 day moving average price is $268.51 and its two-hundred day moving average price is $249.95. Microsoft has a twelve month low of $213.43 and a twelve month high of $294.18.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same quarter in the prior year, the business posted $2.48 EPS. Microsoft’s quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts predict that Microsoft will post 9.31 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.95%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is currently 30.22%.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the transaction, the chief marketing officer now directly owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the completion of the sale, the chief marketing officer now owns 117,362 shares in the company, valued at approximately $31,614,975.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock valued at $1,728,111 in the last ninety days. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Microsoft

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Monumental Financial Group Inc. acquired a new stake in Microsoft in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $26,000. Hanseatic Management Services Inc. grew its position in shares of Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after buying an additional 55 shares during the period. Retirement Financial Solutions LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $40,000. Finally, Gleason Group Inc. grew its position in shares of Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.

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