Microsoft (NASDAQ:MSFT) PT Lowered to $510.00 at UBS Group

Microsoft (NASDAQ:MSFT) had its price target reduced by UBS Group from $520.00 to $510.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a buy rating on the software giant’s stock.

MSFT has been the subject of a number of other reports. TD Cowen increased their price objective on Microsoft from $470.00 to $495.00 and gave the stock a buy rating in a report on Thursday, July 18th. Truist Financial reissued a buy rating and set a $600.00 price target on shares of Microsoft in a report on Monday, June 17th. BMO Capital Markets upped their price objective on shares of Microsoft from $465.00 to $500.00 and gave the stock an outperform rating in a report on Friday, July 12th. Mizuho boosted their price target on shares of Microsoft from $450.00 to $480.00 and gave the stock an outperform rating in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $440.00 to $470.00 and gave the company an overweight rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $487.33.

Microsoft Trading Down 2.1 %

Shares of NASDAQ MSFT opened at $408.49 on Wednesday. The company has a market cap of $3.04 trillion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The stock’s 50 day simple moving average is $439.56 and its 200 day simple moving average is $421.76. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. Microsoft has a 12-month low of $309.45 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 earnings per share. Equities research analysts expect that Microsoft will post 13.04 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is 25.97%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc boosted its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Microsoft during the fourth quarter valued at about $45,000. Richardson Capital Management LLC increased its position in shares of Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Microsoft in the 4th quarter worth about $58,000. Finally, Innealta Capital LLC bought a new position in Microsoft in the 2nd quarter valued at about $75,000. 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.