Microsoft (NASDAQ:MSFT) Price Target Raised to at Raymond James

Microsoft (NASDAQ:MSFT) had its price target hoisted by stock analysts at Raymond James from to in a research note issued on Wednesday, The Fly reports. The firm presently has a “buy” rating on the software giant’s stock.

Several other equities analysts have also recently weighed in on MSFT. Wedbush reissued an “outperform” rating and issued a $195.00 target price (up from $185.00) on shares of Microsoft in a research note on Thursday, January 9th. Mizuho reissued a “buy” rating and issued a $160.00 target price on shares of Microsoft in a research note on Wednesday, November 20th. Wells Fargo & Co reissued an “overweight” rating on shares of Microsoft in a research note on Friday, January 17th. DZ Bank reissued a “buy” rating on shares of Microsoft in a research note on Monday, January 6th. Finally, Nomura set a $161.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $168.80.

Shares of NASDAQ MSFT traded down $1.59 during midday trading on Wednesday, reaching $165.13. The company’s stock had a trading volume of 15,299,541 shares, compared to its average volume of 20,123,888. The company has a current ratio of 2.85, a quick ratio of 2.81 and a debt-to-equity ratio of 0.69. Microsoft has a fifty-two week low of $102.17 and a fifty-two week high of $168.19. The stock has a market capitalization of $1,260.05 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.60 and a beta of 1.23. The stock has a 50 day simple moving average of $158.58 and a 200-day simple moving average of $144.83.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.14. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The company had revenue of $33.06 billion for the quarter, compared to the consensus estimate of $32.24 billion. During the same period last year, the company earned $1.14 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts anticipate that Microsoft will post 5.36 EPS for the current year.

In other news, EVP Margaret L. Johnson sold 35,000 shares of Microsoft stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $150.01, for a total transaction of $5,250,350.00. Following the completion of the sale, the executive vice president now owns 62,423 shares of the company’s stock, valued at $9,364,074.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jean Philippe Courtois sold 11,345 shares of Microsoft stock in a transaction on Monday, October 28th. The stock was sold at an average price of $145.06, for a total value of $1,645,705.70. Following the sale, the executive vice president now directly owns 611,855 shares of the company’s stock, valued at approximately $88,755,686.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,845 shares of company stock valued at $7,974,356. Company insiders own 1.39% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of MSFT. Nuveen Asset Management LLC boosted its holdings in Microsoft by 2,651.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock worth $9,022,645,000 after buying an additional 64,905,685 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Microsoft by 1.3% during the second quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock worth $82,118,218,000 after acquiring an additional 7,724,483 shares during the period. Johanson Financial Advisors Inc. increased its position in shares of Microsoft by 16,050.1% during the fourth quarter. Johanson Financial Advisors Inc. now owns 6,254,458 shares of the software giant’s stock worth $39,651,000 after acquiring an additional 6,215,731 shares during the period. California Public Employees Retirement System increased its position in shares of Microsoft by 27.6% during the third quarter. California Public Employees Retirement System now owns 18,465,052 shares of the software giant’s stock worth $2,567,196,000 after acquiring an additional 3,989,278 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Microsoft by 93.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,552,065 shares of the software giant’s stock worth $632,874,000 after acquiring an additional 2,203,733 shares during the period. 71.86% of the stock is owned by institutional investors.

Microsoft Company Profile

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, 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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