Microsoft (NASDAQ:MSFT) Price Target Raised to $255.00

Microsoft (NASDAQ:MSFT) had its price target lifted by Mizuho from $240.00 to $255.00 in a report published on Thursday, The Fly reports. Mizuho currently has a buy rating on the software giant’s stock.

A number of other research analysts have also recently commented on MSFT. JPMorgan Chase & Co. lifted their target price on shares of Microsoft from $190.00 to $220.00 and gave the company an overweight rating in a research note on Thursday, July 23rd. Royal Bank of Canada lifted their target price on shares of Microsoft from $230.00 to $250.00 and gave the company an outperform rating in a research note on Tuesday, October 13th. BidaskClub upgraded shares of Microsoft from a sell rating to a hold rating in a research note on Tuesday, September 29th. Stifel Nicolaus lifted their target price on shares of Microsoft from $200.00 to $215.00 and gave the company a buy rating in a research note on Monday, July 20th. Finally, Goldman Sachs Group set a $215.00 target price on shares of Microsoft and gave the company a buy rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Microsoft has an average rating of Buy and an average target price of $220.30.

MSFT stock opened at $219.66 on Thursday. Microsoft has a twelve month low of $132.52 and a twelve month high of $232.86. The company has a market cap of $1,662.31 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. The business’s 50-day simple moving average is $211.82 and its 200 day simple moving average is $196.06. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.50.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The business had revenue of $38.03 billion for the quarter, compared to the consensus estimate of $36.59 billion. On average, equities research analysts anticipate that Microsoft will post 6.36 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.56 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 annualized dividend and a dividend yield of 1.02%. Microsoft’s payout ratio is 35.42%.

In other Microsoft news, EVP Jean Philippe Courtois sold 15,014 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $213.59, for a total transaction of $3,206,840.26. Following the sale, the executive vice president now directly owns 545,484 shares of the company’s stock, valued at approximately $116,509,927.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 30,871 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $209.90, for a total transaction of $6,479,822.90. Following the sale, the executive vice president now directly owns 176 shares in the company, valued at $36,942.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,067 shares of company stock valued at $35,247,737. Company insiders own 1.39% of the company’s stock.

A number of large investors have recently modified their holdings of MSFT. Virtus ETF Advisers LLC raised its holdings in shares of Microsoft by 230.5% in the 2nd quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock valued at $40,000 after purchasing an additional 136 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Microsoft in the 3rd quarter valued at about $45,000. Selective Wealth Management Inc. raised its holdings in shares of Microsoft by 26.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after purchasing an additional 50 shares during the period. Virtus Alternative Investment Advisers Inc. bought a new stake in shares of Microsoft in the 2nd quarter valued at about $48,000. Finally, Your Advocates Ltd. LLP raised its holdings in shares of Microsoft by 588.2% in the 2nd quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock valued at $71,000 after purchasing an additional 300 shares during the period. 69.93% of the stock is currently owned by hedge funds and other 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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