Microsoft (NASDAQ:MSFT – Get Rating) had its price objective hoisted by Evercore ISI from $337.00 to $400.00 in a report published on Friday morning, The Fly reports.
MSFT has been the subject of several other research reports. Guggenheim boosted their price objective on shares of Microsoft from $212.00 to $232.00 and gave the stock a sell rating in a research note on Wednesday, April 26th. Morgan Stanley boosted their price objective on shares of Microsoft from $307.00 to $335.00 and gave the stock an overweight rating in a research note on Wednesday, April 26th. Wells Fargo & Company boosted their price objective on shares of Microsoft from $320.00 to $345.00 and gave the stock an overweight rating in a research note on Wednesday, April 26th. 888 reiterated a maintains rating on shares of Microsoft in a research note on Wednesday, April 26th. Finally, DA Davidson boosted their price objective on shares of Microsoft from $325.00 to $350.00 and gave the stock a buy rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of Moderate Buy and an average price target of $330.72.
Microsoft Trading Up 0.8 %
NASDAQ:MSFT opened at $335.40 on Friday. Microsoft has a one year low of $213.43 and a one year high of $337.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The firm has a market cap of $2.49 trillion, a P/E ratio of 36.34, a P/E/G ratio of 2.95 and a beta of 0.93. The firm has a 50-day simple moving average of $302.01 and a 200-day simple moving average of $267.91.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders 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 0.81%. The ex-dividend date is Wednesday, May 17th. Microsoft’s payout ratio is 29.47%.
Insider Transactions at Microsoft
In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total value of $1,584,350.00. Following the transaction, the chief marketing officer now directly owns 89,328 shares of the company’s stock, valued at $28,305,363.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the completion of the sale, the chief marketing officer now directly owns 89,328 shares in the company, valued at $28,305,363.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 5,081 shares of Microsoft stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $312.54, for a total transaction of $1,588,015.74. Following the sale, the chief marketing officer now owns 94,328 shares of the company’s stock, valued at $29,481,273.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,081 shares of company stock valued at $15,448,816. Corporate insiders own 0.03% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC lifted its position in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares during the period. Altus Wealth Group LLC boosted its position in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after buying an additional 152 shares in the last quarter. Powell Investment Advisors LLC boosted its position in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after buying an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.
About Microsoft
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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