Microsoft (NASDAQ:MSFT) PT Raised to $500.00 at Oppenheimer

Microsoft (NASDAQ:MSFT) had its price target upped by Oppenheimer from $450.00 to $500.00 in a report issued on Friday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the software giant’s stock. Oppenheimer’s price objective indicates a potential upside of 17.97% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Evercore ISI upped their price objective on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 target price on shares of Microsoft in a research note on Monday, April 22nd. KeyCorp assumed coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Wednesday, May 22nd. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $460.56.

Microsoft Trading Down 0.2 %

Shares of MSFT stock opened at $423.85 on Friday. Microsoft has a 1 year low of $309.45 and a 1 year high of $433.60. The stock has a market cap of $3.15 trillion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $416.20 and a 200 day simple moving average of $402.60.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 earnings per share. On average, research analysts predict that Microsoft will post 11.77 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,521 shares of company stock worth $19,746,476. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Microsoft

A number of hedge funds have recently made changes to their positions in MSFT. Financial Security Advisor Inc. increased its holdings in shares of Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after acquiring an additional 452 shares during the period. Gunderson Capital Management Inc. lifted its position in Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after acquiring an additional 185 shares during the period. Rappaport Reiches Capital Management LLC lifted its position in Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after acquiring an additional 1,067 shares during the period. RNC Capital Management LLC lifted its position in Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after acquiring an additional 6,484 shares during the period. Finally, Clarity Financial LLC raised its stake in shares of Microsoft by 4.9% during the 4th quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock valued at $21,399,000 after buying an additional 2,681 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

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.