Microsoft (NASDAQ:MSFT) PT Raised to $120.00 at Barclays

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Microsoft (NASDAQ:MSFT) had its target price hoisted by Barclays from $117.00 to $120.00 in a research report sent to investors on Friday, September 7th. The firm currently has a buy rating on the software giant’s stock.

Several other research analysts have also recently weighed in on the stock. Atlantic Securities raised shares of Microsoft from a neutral rating to an overweight rating in a report on Monday, June 25th. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the stock a buy rating in a report on Monday, August 27th. Goldman Sachs Group reaffirmed a buy rating and set a $123.00 target price on shares of Microsoft in a report on Monday, August 20th. JPMorgan Chase & Co. set a $115.00 target price on shares of Microsoft and gave the stock a buy rating in a report on Friday, July 20th. Finally, Morgan Stanley reaffirmed a buy rating and set a $130.00 target price on shares of Microsoft in a report on Monday, June 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft currently has an average rating of Buy and a consensus price target of $119.49.

NASDAQ:MSFT traded up $0.46 during mid-day trading on Friday, hitting $113.37. The stock had a trading volume of 18,217,018 shares, compared to its average volume of 20,235,078. Microsoft has a twelve month low of $72.92 and a twelve month high of $113.73. The company has a market capitalization of $860.14 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. Microsoft’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. equities analysts forecast that Microsoft will post 4.25 earnings per share for the current year.

In related news, EVP Margaret L. Johnson sold 47,000 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total value of $5,060,490.00. Following the transaction, the executive vice president now owns 109,687 shares in the company, valued at $11,809,999.29. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Christopher C. Capossela sold 23,337 shares of Microsoft stock in a transaction on Monday, September 10th. The shares were sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the completion of the sale, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 650,042 shares of company stock worth $71,264,850. 1.49% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of MSFT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Microsoft by 6.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,201,287 shares of the software giant’s stock worth $273,838,000 after purchasing an additional 183,422 shares during the last quarter. Reik & CO. LLC boosted its holdings in Microsoft by 12.8% during the fourth quarter. Reik & CO. LLC now owns 14,086 shares of the software giant’s stock worth $1,205,000 after purchasing an additional 1,600 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. boosted its holdings in Microsoft by 4.8% during the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 85,230 shares of the software giant’s stock worth $7,291,000 after purchasing an additional 3,922 shares during the last quarter. Dean Capital Investments Management LLC purchased a new position in Microsoft during the fourth quarter worth about $304,000. Finally, Private Wealth Partners LLC boosted its holdings in Microsoft by 0.3% during the fourth quarter. Private Wealth Partners LLC now owns 271,388 shares of the software giant’s stock worth $23,215,000 after purchasing an additional 864 shares during the last quarter. 71.87% of the stock is owned by institutional investors.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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