Mizuho Increases Microsoft (NASDAQ:MSFT) Price Target to $255.00

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

A number of other equities analysts have also recently weighed in on the stock. Summit Insights cut shares of Microsoft from a buy rating to a hold rating in a research note on Tuesday, September 29th. Argus upped their price target on shares of Microsoft from $200.00 to $235.00 and gave the stock a buy rating in a research note on Wednesday, June 24th. Fundamental Research increased their price objective on shares of Microsoft from $212.58 to $220.41 and gave the company a buy rating in a research note on Tuesday, July 28th. Wedbush increased their price objective on shares of Microsoft from $220.00 to $260.00 and gave the company an outperform rating in a research note on Thursday, July 9th. Finally, Oppenheimer started coverage on shares of Microsoft in a research note on Monday, August 3rd. They issued a hold rating on the stock. Four analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $220.30.

NASDAQ:MSFT opened at $219.66 on Thursday. 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 has a fifty-two week low of $132.52 and a fifty-two week high of $232.86. The stock 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 firm’s fifty day simple moving average is $211.82 and its 200-day simple moving average is $196.06.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be given a $0.56 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 18th. This represents a $2.24 annualized dividend and a yield of 1.02%. Microsoft’s dividend payout ratio (DPR) is 35.42%.

In other news, EVP Jean Philippe Courtois sold 15,014 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 545,484 shares of the company’s stock, valued at $116,509,927.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 30,871 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $36,942.40. The disclosure for this sale can be found here. Insiders sold 164,067 shares of company stock valued at $35,247,737 in the last ninety days. 1.39% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MSFT. Virtus ETF Advisers LLC lifted its stake in Microsoft by 230.5% during the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock worth $40,000 after purchasing an additional 136 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Microsoft during the third quarter worth $45,000. Selective Wealth Management Inc. lifted its stake in Microsoft by 26.9% during the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after purchasing an additional 50 shares during the last quarter. Virtus Alternative Investment Advisers Inc. bought a new position in Microsoft during the second quarter worth $48,000. Finally, Your Advocates Ltd. LLP lifted its stake in Microsoft by 588.2% during the second quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock worth $71,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 69.93% 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, 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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