Microsoft (NASDAQ:MSFT) PT Raised to $515.00 at The Goldman Sachs Group

Microsoft (NASDAQ:MSFT) had its price target raised by equities research analysts at The Goldman Sachs Group from $450.00 to $515.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the software giant’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 29.06% from the stock’s previous close.

A number of other analysts have also commented on MSFT. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. Raymond James increased their target price on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Macquarie increased their price target on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. DA Davidson reiterated a “buy” rating and set a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Finally, UBS Group reissued a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $441.80.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $399.04 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. Microsoft has a one year low of $292.73 and a one year high of $430.82. The business’s 50-day moving average price is $414.44 and its two-hundred day moving average price is $387.17. The company has a market capitalization of $2.97 trillion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.45 EPS. Analysts anticipate that Microsoft will post 11.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock worth $30,690,456 over the last three months. 0.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Microsoft

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Friedenthal Financial bought a new stake in Microsoft during the 4th quarter worth approximately $45,000. Neo Ivy Capital Management bought a new position in Microsoft during the 4th quarter worth $58,000. Richardson Capital Management LLC lifted its position in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. Finally, PayPay Securities Corp grew its position in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Company Profile

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.