Microsoft (NASDAQ:MSFT – Get Free Report)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a report released on Wednesday, Benzinga reports. They currently have a $400.00 target price on the software giant’s stock. Wedbush’s price objective suggests a potential upside of 21.99% from the stock’s current price.
Several other brokerages have also commented on MSFT. Piper Sandler upped their price objective on shares of Microsoft from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com started coverage on shares of Microsoft in a report on Thursday, October 5th. They issued a “buy” rating for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price target on shares of Microsoft in a research note on Monday, October 2nd. KeyCorp increased their price target on shares of Microsoft from $340.00 to $400.00 in a research note on Tuesday, July 18th. Finally, The Goldman Sachs Group increased their price target on shares of Microsoft from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Four investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $384.34.
Check Out Our Latest Analysis on Microsoft
Microsoft Stock Down 3.8 %
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, topping the consensus estimate of $2.65 by $0.34. Microsoft had a net margin of 35.31% and a return on equity of 40.09%. The business had revenue of $56.52 billion during the quarter, compared to analyst estimates of $54.52 billion. During the same period in the prior year, the business earned $2.35 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts expect that Microsoft will post 10.92 earnings per share for the current year.
Insider Buying and Selling at Microsoft
In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock valued at $38,195,619 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Microsoft
Several institutional investors and hedge funds have recently modified their holdings of the stock. Sightline Wealth Advisors LLC raised its position in shares of Microsoft by 0.9% during the second quarter. Sightline Wealth Advisors LLC now owns 3,337 shares of the software giant’s stock valued at $962,000 after buying an additional 29 shares during the last quarter. Stevens Capital Partners increased its position in Microsoft by 2.0% in the second quarter. Stevens Capital Partners now owns 1,516 shares of the software giant’s stock worth $516,000 after purchasing an additional 29 shares during the last quarter. Eagle Bluffs Wealth Management LLC increased its position in Microsoft by 0.3% in the second quarter. Eagle Bluffs Wealth Management LLC now owns 10,577 shares of the software giant’s stock worth $3,602,000 after purchasing an additional 31 shares during the last quarter. Noble Family Wealth LLC increased its position in Microsoft by 1.3% in the third quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock worth $736,000 after purchasing an additional 31 shares during the last quarter. Finally, O Connor Financial Group LLC increased its position in Microsoft by 1.4% in the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock worth $692,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 69.20% of the company’s stock.
About Microsoft
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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