Stocks of Microsoft Corporation (NASDAQ:MSFT) traded higher last session on Wall Street, up 0.72% to $314.00.
According to the data, Microsoft Corporation (NASDAQ:MSFT) has 51 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $373.56 and a low of $232.00, we find $335.88. Given the previous closing price of $311.74, this indicates a potential upside of 7.74 percent. MSFT stock price is now 9.72% away from the 50-day moving average and 21.30% away from the 200-day moving average. The market capitalization of the company currently stands at $2343.36B.
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A total of 7 analysts have issued a hold rating and 37 have given it a buy rating. Brokers who have rated the stock have averaged $331.25 as their price target over the next twelve months.
With the price target enhanced from $260 to $325, Macquarie Upgraded its rating from Neutral to Outperform for Microsoft Corporation (NASDAQ: MSFT). On April 26, 2023, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $325 to quote $347, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, Capossela Christopher C, EVP, Chief Marketing Officer sold 5,081 shares of the company’s stock on May 16. The stock was sold for $1,588,024 at an average price of $312.54. Upon completion of the transaction, the EVP, Chief Marketing Officer now directly owns 94,328 shares in the company, valued at $29.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10, EVP, Chief Marketing Officer Capossela Christopher C sold 4,177 shares of the business’s stock. A total of $1,307,004 was realized by selling the stock at an average price of $312.90. This leaves the insider owning 101,029 shares of the company worth $31.72 million. Insiders disposed of 476,554 shares of company stock worth roughly $149.64 million over the past 1 year. A total of 0.05% 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 OFI INVEST ASSET MANAGEMENT during the first quarter worth $76,306,526,000. DUQUESNE FAMILY OFFICE LLC invested $228,919,000 in shares of MSFT during the first quarter. In the first quarter, SUMMIT WEALTH GROUP, LLC acquired a new stake in Microsoft Corporation valued at approximately $214,533,000. CANOE FINANCIAL LP acquired a new stake in MSFT for approximately $212,530,000. QUINTET PRIVATE BANK (EUROPE) S.A. purchased a new stake in MSFT valued at around $165,013,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $312.29 for Microsoft Corporation (NASDAQ: MSFT). During the past 12 months, Microsoft Corporation has had a low of $213.43 and a high of $313.71. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.90, and a quick ratio of 1.90. According to the stock market information, the enterprise value for the company is $2.27T, which is based on a 34.03 price-to-earnings ratio, a 2.71 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for MSFT is $287.38 and a two-hundred day moving average price translates $259.04 for the stock.
The latest earnings results from Microsoft Corporation (NASDAQ: MSFT) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $2.45, beating analysts’ expectations of $2.23 by 0.22. This compares to $2.22 EPS in the same period last year. The net profit margin was 33.20% and return on equity was 38.50% for MSFT. The company reported revenue of $52.86 billion for the quarter, compared to $49.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.08 percent. For the current quarter, analysts expect MSFT to generate $55.44B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/08/2023. Investors who held shares on 05/18/2023 were paid a $0.68 dividend. On an annualized basis, this represents a $2.72 dividend and a 0.87% percent yield. There was an ex-dividend date of 05/17/2023 for this dividend. In terms of dividend payout ratio, MSFT is presently at 28.10%.
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.
