Microsoft Corporation (NASDAQ:MSFT) shares traded -0.02% lower at $241.68 on Wall Street last session.
In accordance with the data, 52 analysts cover Microsoft Corporation (NASDAQ:MSFT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $400.00 and a low of $234.00, we find $287.80. Given the previous closing price of $241.73, this indicates a potential upside of 19.06 percent. MSFT stock price is now 1.27% away from the 50-day moving average and -9.91% away from the 200-day moving average. The market capitalization of the company currently stands at $1771.49B.
It has been rated a hold by 4 analysts and a buy by 40. Brokers who have rated the stock have averaged $291.97 as their price target over the next twelve months.
With the price target of $234, Macquarie recently initiated with Neutral rating for Microsoft Corporation (NASDAQ: MSFT). On October 14, 2022, Morgan Stanley reiterated its ‘Overweight’ rating on the stock by increasing its target price from $354 to quote $325, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Capossela Christopher C, EVP, Chief Marketing Officer sold 5,000 shares of the company’s stock on Sep 12. The stock was sold for $1,331,250 at an average price of $266.25. Upon completion of the transaction, the EVP, Chief Marketing Officer now directly owns 109,837 shares in the company, valued at $26.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 02, EVP, Chief Financial Officer Hood Amy sold 75,351 shares of the business’s stock. A total of $19,551,087 was realized by selling the stock at an average price of $259.47. This leaves the insider owning 445,859 shares of the company worth $107.76 million. Insiders disposed of 1,338,776 shares of company stock worth roughly $323.56 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MSFT stock. A new stake in Microsoft Corporation shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $4,231,631,000. AMALGAMATED FINANCIAL CORP. invested $495,266,000 in shares of MSFT during the first quarter. In the first quarter, CZECH NATIONAL BANK acquired a new stake in Microsoft Corporation valued at approximately $209,441,000. COMMERZBANK AKTIENGESELLSCHAFT /FI acquired a new stake in MSFT for approximately $206,856,000. FARMER STEVEN PATRICK purchased a new stake in MSFT valued at around $125,852,000 in the second quarter. In total, there are 5,916 active investors with 72.10% ownership of the company’s stock.
Microsoft Corporation (NASDAQ: MSFT) opened at $237.78 on Thursday. During the past 12 months, Microsoft Corporation has had a low of $213.43 and a high of $349.67. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for MSFT is $238.65 and a two-hundred day moving average price translates $268.27 for the stock.
The latest earnings results from Microsoft Corporation (NASDAQ: MSFT) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at $2.35, beating analysts’ expectations of $2.3 by 0.05. This compares to $2.71 EPS in the same period last year. The net profit margin was 34.40% and return on equity was 42.10% for MSFT. The company reported revenue of $50.12 billion for the quarter, compared to $45.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.6 percent. For the current quarter, analysts expect MSFT to generate $53.48B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/08/2022. Investors who held shares on 11/17/2022 were paid a $0.68 dividend. On an annualized basis, this represents a $2.72 dividend and a 1.13% percent yield. There was an ex-dividend date of 11/16/2022 for this dividend. In terms of dividend payout ratio, MSFT is presently at 26.60%.
Microsoft Corporation(MSFT) Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions. The Intelligent Cloud segment licenses SQL, Windows Servers, Visual Studio, System Center, and related Client Access Licenses; GitHub that provides a collaboration platform and code hosting service for developers; Nuance provides healthcare and enterprise AI solutions; and Azure, a cloud platform. It also offers enterprise support, Microsoft consulting, and nuance professional services to assist customers in developing, deploying, and managing Microsoft server and desktop solutions; and training and certification on Microsoft products. The More Personal Computing segment provides Windows original equipment manufacturer (OEM) licensing and other non-volume licensing of the Windows operating system; Windows Commercial, such as volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; and Windows Internet of Things. It also offers Surface, PC accessories, PCs, tablets, gaming and entertainment consoles, and other devices; Gaming, including Xbox hardware, and Xbox content and services; video games and third-party video game royalties; and Search, including Bing and Microsoft advertising. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online stores, and retail stores. Microsoft Corporation was founded in 1975 and is headquartered in Redmond, Washington.