Microsoft (NASDAQ:MSFT) Price Target Raised to $300.00 at Morgan Stanley

Microsoft (NASDAQ:MSFT) had its price target increased by equities researchers at Morgan Stanley from $290.00 to $300.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the software giant’s stock. Morgan Stanley’s price target indicates a potential upside of 19.11% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Sanford C. Bernstein reaffirmed a “buy” rating and set a $283.00 price objective on shares of Microsoft in a research report on Wednesday, January 27th. Oppenheimer boosted their price target on shares of Microsoft from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, January 27th. Credit Suisse Group boosted their price target on shares of Microsoft from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Pritchard Capital boosted their price target on shares of Microsoft from $272.00 to $292.00 and gave the company a “buy” rating in a research report on Wednesday, January 27th. Finally, Wedbush boosted their price target on shares of Microsoft from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $286.15.

Shares of Microsoft stock opened at $251.86 on Tuesday. The firm has a market capitalization of $1.90 trillion, a PE ratio of 40.69, a P/E/G ratio of 2.44 and a beta of 0.83. Microsoft has a twelve month low of $173.80 and a twelve month high of $263.19. The firm’s 50-day moving average price is $247.50 and its 200 day moving average price is $229.04. The company has a current ratio of 2.53, a quick ratio of 2.49 and a debt-to-equity ratio of 0.46.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, April 27th. The software giant reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.19. The business had revenue of $41.71 billion for the quarter, compared to analyst estimates of $40.83 billion. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. The business’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS. On average, sell-side analysts predict that Microsoft will post 6.73 EPS for the current fiscal year.

In related news, Director Emma N. Walmsley purchased 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 10th. The stock was purchased at an average price of $236.80 per share, with a total value of $1,018,240.00. Following the completion of the transaction, the director now owns 5,026 shares of the company’s stock, valued at approximately $1,190,156.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Smart Money Group LLC increased its position in shares of Microsoft by 2.3% in the first quarter. Smart Money Group LLC now owns 1,798 shares of the software giant’s stock worth $424,000 after acquiring an additional 41 shares in the last quarter. Stuart Chaussee & Associates Inc. increased its position in shares of Microsoft by 2.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 1,780 shares of the software giant’s stock worth $396,000 after acquiring an additional 42 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of Microsoft by 2.4% in the first quarter. HighMark Wealth Management LLC now owns 1,829 shares of the software giant’s stock worth $431,000 after acquiring an additional 42 shares in the last quarter. BCS Wealth Management increased its position in shares of Microsoft by 0.8% in the first quarter. BCS Wealth Management now owns 5,700 shares of the software giant’s stock worth $1,344,000 after acquiring an additional 43 shares in the last quarter. Finally, Nottingham Advisors Inc. grew its holdings in Microsoft by 0.5% during the 4th quarter. Nottingham Advisors Inc. now owns 8,996 shares of the software giant’s stock valued at $2,001,000 after purchasing an additional 44 shares in the last quarter. 69.01% of the stock is owned by institutional investors.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.

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