Microsoft (MSFT) Rating Reiterated by JPMorgan Chase & Co.

Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued on Thursday. They currently have a $115.00 price objective on the software giant’s stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 7.52% from the company’s previous close.

Several other analysts have also recently weighed in on MSFT. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $123.00 target price on shares of Microsoft in a report on Tuesday, July 3rd. Morgan Stanley set a $130.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Monday, July 9th. Barclays set a $108.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, July 12th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 target price on shares of Microsoft in a report on Monday, July 16th. Finally, Piper Jaffray Companies raised their target price on shares of Microsoft from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and an average target price of $121.88.

NASDAQ MSFT opened at $106.96 on Thursday. The company has a quick ratio of 2.86, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. Microsoft has a one year low of $80.70 and a one year high of $116.18. The company has a market capitalization of $833.89 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.



Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The firm had revenue of $29.08 billion for the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. Equities research analysts anticipate that Microsoft will post 4.36 earnings per share for the current year.

In other Microsoft news, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 28,941 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $109.00, for a total transaction of $3,154,569.00. Following the sale, the insider now directly owns 529,721 shares in the company, valued at approximately $57,739,589. The disclosure for this sale can be found here. In the last three months, insiders have sold 853,460 shares of company stock worth $92,965,482. 1.49% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in MSFT. Peak Capital Management LLC purchased a new position in Microsoft in the 2nd quarter valued at $107,000. Fort L.P. purchased a new position in Microsoft in the 2nd quarter valued at $119,000. Woodard & Co. Asset Management Group Inc. ADV grew its position in Microsoft by 90.5% in the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock valued at $119,000 after buying an additional 498 shares during the last quarter. WP Advisors LLC purchased a new position in Microsoft in the 2nd quarter valued at $131,000. Finally, Quattro Financial Advisors LLC purchased a new position in Microsoft in the 3rd quarter valued at $132,000. Institutional investors and hedge funds own 71.91% of the company’s stock.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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