Microsoft (NASDAQ:MSFT) has been given a $100.00 price objective by investment analysts at Oppenheimer in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the software giant’s stock. Oppenheimer’s price target would indicate a potential upside of 17.01% from the stock’s previous close.
MSFT has been the topic of several other reports. Argus raised Microsoft from a “hold” rating to a “buy” rating and upped their target price for the stock from $57.28 to $95.00 in a research report on Tuesday, October 31st. Goldman Sachs Group set a $92.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft in a research report on Thursday, August 31st. Vetr lowered Microsoft from a “hold” rating to a “sell” rating and set a $78.90 target price on the stock. in a research report on Monday, October 30th. Finally, Barclays reaffirmed an “overweight” rating and issued a $89.00 target price (up from $82.00) on shares of Microsoft in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.82.
Shares of Microsoft (NASDAQ:MSFT) traded down $0.05 during mid-day trading on Tuesday, reaching $85.47. The company’s stock had a trading volume of 1,918,867 shares, compared to its average volume of 22,583,053. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft has a 12 month low of $61.95 and a 12 month high of $87.50. The firm has a market cap of $659,674.63, a price-to-earnings ratio of 29.07, a P/E/G ratio of 1.99 and a beta of 0.99.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the sale, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the completion of the sale, the executive vice president now owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC raised its holdings in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares in the last quarter. Hefty Wealth Partners raised its holdings in shares of Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares in the last quarter. Stelac Advisory Services LLC raised its holdings in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares in the last quarter. Opera Trading Capital raised its holdings in shares of Microsoft by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after buying an additional 2,283 shares in the last quarter. Finally, Pacific Center for Financial Services raised its holdings in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares in the last quarter. Institutional investors own 73.16% of the company’s stock.
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About Microsoft
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
