Microsoft Corporation (NASDAQ:MSFT) shares traded 0.81% higher at $329.32 on Wall Street last session.
In accordance with the data, 54 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 $298.10, we find $400.00. Given the previous closing price of $326.67, this indicates a potential upside of 22.45 percent. MSFT stock price is now 1.22% away from the 50-day moving average and 8.87% away from the 200-day moving average. The market capitalization of the company currently stands at $2446.77B.
It has been rated a hold by 7 analysts and a buy by 42. Brokers who have rated the stock have averaged $397.76 as their price target over the next twelve months.
With the price target of $425, Loop Capital recently initiated with Buy rating for Microsoft Corporation (NASDAQ: MSFT).
In other news, Nadella Satya, Chief Executive Officer sold 38,234 shares of the company’s stock on Sep 01. The stock was sold for $12,557,161 at an average price of $328.43. Upon completion of the transaction, the Chief Executive Officer now directly owns 800,668 shares in the company, valued at $263.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, EVP, Human Resources Hogan Kathleen T sold 26,815 shares of the business’s stock. A total of $8,778,350 was realized by selling the stock at an average price of $327.37. This leaves the insider owning 198,373 shares of the company worth $65.33 million. Insiders disposed of 404,617 shares of company stock worth roughly $133.25 million over the past 1 year. A total of 1.50% 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 $1,656,362,000. UNISUPER MANAGEMENT PTY LTD invested $846,309,000 in shares of MSFT during the first quarter. In the first quarter, ALPHINITY INVESTMENT MANAGEMENT PTY LTD acquired a new stake in Microsoft Corporation valued at approximately $514,241,000. ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in MSFT for approximately $468,696,000. IA GLOBAL ASSET MANAGEMENT INC. purchased a new stake in MSFT valued at around $293,466,000 in the second quarter.
Microsoft Corporation (NASDAQ: MSFT) opened at $325.47 on Monday. 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 0.39, a current ratio of 1.77, and a quick ratio of 1.75. According to the stock market information, the enterprise value for the company is $2.38T, which is based on a 34.01 price-to-earnings ratio, a 2.24 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for MSFT is $325.52 and a two-hundred day moving average price translates $303.03 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 $2.69, beating analysts’ expectations of $2.55 by 0.14. This compares to $2.23 EPS in the same period last year. The net profit margin was 34.15% and return on equity was 38.82% 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 $51.4B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/14/2023. Investors who held shares on 11/16/2023 were paid a $0.75 dividend. On an annualized basis, this represents a $2.86 dividend and a 0.87% percent yield. There was an ex-dividend date of 11/15/2023 for this dividend. In terms of dividend payout ratio, MSFT is presently at 28.09%.
