Microsoft (NASDAQ:MSFT) has been assigned a $100.00 target price by analysts at Royal Bank of Canada in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the software giant’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 17.01% from the stock’s previous close.
Other analysts have also issued reports about the stock. KeyCorp restated a “buy” rating and set a $82.00 target price on shares of Microsoft in a research note on Sunday, September 10th. Oppenheimer restated a “buy” rating and set a $80.00 target price on shares of Microsoft in a research note on Thursday, September 7th. Vetr upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $77.30 target price on the stock in a research note on Wednesday, September 6th. Stifel Nicolaus restated a “buy” rating and set a $80.00 target price on shares of Microsoft in a research note on Monday, September 18th. Finally, ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $85.82.
Microsoft (NASDAQ MSFT) traded down $0.05 during mid-day trading on Tuesday, hitting $85.47. 1,918,867 shares of the company were exchanged, compared to its average volume of 22,583,053. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft has a 12-month low of $61.95 and a 12-month high of $87.50. The stock has a market capitalization of $659,674.63, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $3,759,420 over the last three months. Corporate insiders own 1.49% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Appropriate Balance Financial Services Inc. lifted its holdings in Microsoft by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after acquiring an additional 29 shares during the period. Acrospire Investment Management LLC increased its position in shares of Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. Hefty Wealth Partners increased its position in shares of Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Stelac Advisory Services LLC increased its position in shares of Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares in the last quarter. Finally, Opera Trading Capital increased its position in shares of Microsoft by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after buying an additional 2,283 shares in the last quarter. 73.16% of the stock is owned by hedge funds and other institutional investors.
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.
