In yesterday’s Wall Street session, Microsoft Corporation (NASDAQ:MSFT) shares traded at $321.88, up 1.71% from the previous session.
As of this writing, 50 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 $440.00 and a low of $232.00, we find $400.00. Given the previous closing price of $316.48, this indicates a potential upside of 26.39 percent. MSFT stock price is now -3.86% away from the 50-day moving average and 13.41% away from the 200-day moving average. The market capitalization of the company currently stands at $2394.52B.
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There are 6 analysts who have given it a hold rating, whereas 38 have given it a buy rating. Brokers who have rated the stock have averaged $392.78 as their price target over the next twelve months.
With the price target enhanced from $320 to $400, Raymond James maintained Outperform rating for Microsoft Corporation (NASDAQ: MSFT).
In other news, SMITH BRADFORD L, Vice Chair and President sold 50,000 shares of the company’s stock on Aug 01. The stock was sold for $16,860,105 at an average price of $337.20. Upon completion of the transaction, the Vice Chair and President now directly owns 588,084 shares in the company, valued at $189.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02, Director List Teri sold 1,250 shares of the business’s stock. A total of $418,463 was realized by selling the stock at an average price of $334.77. This leaves the insider owning 874 shares of the company worth $0.28 million. Insiders disposed of 470,747 shares of company stock worth roughly $151.52 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 KBC GROUP NV during the first quarter worth $1,618,941,000. UNISUPER MANAGEMENT PTY LTD invested $827,189,000 in shares of MSFT during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in Microsoft Corporation valued at approximately $703,480,000. ALPHINITY INVESTMENT MANAGEMENT PTY LTD acquired a new stake in MSFT for approximately $502,623,000. ARTISAN PARTNERS LIMITED PARTNERSHIP purchased a new stake in MSFT valued at around $458,108,000 in the second quarter. In total, there are 6,255 active investors with 72.40% ownership of the company’s stock.
Monday morning saw Microsoft Corporation (NASDAQ: MSFT) opened at $317.93. During the past 12 months, Microsoft Corporation has had a low of $213.43 and a high of $366.78. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 1.80, and a quick ratio of 1.70. According to the stock market information, the enterprise value for the company is $2.34T, which is based on a 33.23 price-to-earnings ratio, a 2.31 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for MSFT is $334.82 and a two-hundred day moving average price translates $283.81 for the stock.
The latest earnings results from Microsoft Corporation (NASDAQ: MSFT) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at $2.47, beating analysts’ expectations of $2.34 by 0.13. This compares to $2.23 EPS in the same period last year. The net profit margin was 34.10% and return on equity was 38.20% for MSFT. The company reported revenue of $56.19 billion for the quarter, compared to $51.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.34 percent. For the current quarter, analysts expect MSFT to generate $50.01B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/14/2023. Investors who held shares on 08/17/2023 were paid a $0.68 dividend. On an annualized basis, this represents a $2.72 dividend and a 0.85% percent yield. There was an ex-dividend date of 08/16/2023 for this dividend. In terms of dividend payout ratio, MSFT is presently at 27.40%.
