Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating reiterated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, October 25th. They currently have a $115.00 price target on the software giant’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 4.96% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Microsoft in a research report on Monday, September 10th. Nomura set a $118.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 20th. Wells Fargo & Co set a $120.00 price objective on Microsoft and gave the company a “buy” rating in a report on Friday, July 20th. Sanford C. Bernstein set a $135.00 price objective on Microsoft and gave the company a “buy” rating in a report on Friday, July 20th. Finally, Griffin Securities boosted their price objective on Microsoft from $119.00 to $124.00 and gave the company a “buy” rating in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $121.88.
MSFT traded down $2.18 during trading on Thursday, hitting $109.57. 32,010,198 shares of the stock were exchanged, compared to its average volume of 42,567,596. The company has a market capitalization of $862.07 billion, a P/E ratio of 28.24, a PEG ratio of 2.04 and a beta of 1.26. Microsoft has a 1 year low of $80.70 and a 1 year high of $116.18. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88.
In related news, CEO Satya Nadella sold 203,418 shares of the stock in a transaction on Friday, October 26th. The stock was sold at an average price of $106.68, for a total value of $21,700,632.24. Following the transaction, the chief executive officer now owns 1,014,247 shares of the company’s stock, valued at $108,199,869.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total value of $4,452,400.00. Following the transaction, the executive vice president now directly owns 339,972 shares in the company, valued at approximately $37,842,283.32. The disclosure for this sale can be found here. Insiders sold 479,080 shares of company stock worth $52,100,893 in the last three months. 1.49% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of MSFT. BlackRock Inc. lifted its position in Microsoft by 1.4% in the second quarter. BlackRock Inc. now owns 506,636,253 shares of the software giant’s stock valued at $49,959,403,000 after purchasing an additional 6,786,483 shares during the period. FMR LLC lifted its position in Microsoft by 4.5% in the third quarter. FMR LLC now owns 242,245,441 shares of the software giant’s stock valued at $27,705,612,000 after purchasing an additional 10,469,307 shares during the period. Northern Trust Corp lifted its position in Microsoft by 0.3% in the second quarter. Northern Trust Corp now owns 93,397,574 shares of the software giant’s stock valued at $9,209,934,000 after purchasing an additional 258,761 shares during the period. Bank of New York Mellon Corp lifted its position in Microsoft by 175,467.4% in the third quarter. Bank of New York Mellon Corp now owns 88,803,724 shares of the software giant’s stock valued at $10,156,479,000 after purchasing an additional 88,753,143 shares during the period. Finally, Morgan Stanley lifted its position in Microsoft by 3.6% in the second quarter. Morgan Stanley now owns 58,069,024 shares of the software giant’s stock valued at $5,726,188,000 after purchasing an additional 2,007,248 shares during the period. 71.85% of the stock is currently owned by institutional investors.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's 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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