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Microsoft Corporation Stock new target at $105.00 from UBS AG
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Microsoft Corporation (NASDAQ:MSFT) received a $105.00 target price from UBS AG in a report released on Thursday, November 9th, www.benzinga.com reports. The brokerage currently has a “buy” rating on the software giant’s stock. UBS AG’s price objective indicates a potential upside of 25.19% from the company’s previous close.
Several other brokerages have also weighed in on MSFT. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Wednesday, July 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Microsoft in a research note on Thursday, July 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $86.00 price target (up previously from $75.00) on shares of Microsoft in a research note on Sunday, July 16th.
Vetr lowered Microsoft from a “buy” rating to a “hold” rating and set a $74.93 price objective on the stock. in a research note on Monday, July 17th. Finally, Jefferies Group LLC reissued a “sell” rating and issued a $49.00 price objective (up previously from $45.00) on shares of Microsoft in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.48.
Microsoft (NASDAQ:MSFT) opened at $83.87 on Thursday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft has a fifty-two week low of $58.80 and a fifty-two week high of $86.20. The stock has a market capitalization of $642,316.81, a PE ratio of 24.63, a P/E/G ratio of 1.94 and a beta of 1.01.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. analysts anticipate that Microsoft will post 3.38 EPS for the current year.
In other Microsoft news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,763 shares of company stock worth $4,243,182. 1.49% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Burgundy Asset Management Ltd. increased its stake in Microsoft by 0.6% in the third quarter. Burgundy Asset Management Ltd. now owns 4,205,524 shares of the software giant’s stock valued at $313,269,000 after acquiring an additional 23,445 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Microsoft by 219.2% in the third quarter. Chicago Partners Investment Group LLC now owns 26,591 shares of the software giant’s stock valued at $1,981,000 after acquiring an additional 18,261 shares during the last quarter. Institutional & Family Asset Management LLC increased its stake in Microsoft by 5.7% in the third quarter. Institutional & Family Asset Management LLC now owns 64,829 shares of the software giant’s stock valued at $4,829,000 after acquiring an additional 3,517 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Microsoft in the third quarter valued at $13,255,000. Finally, Optimum Investment Advisors increased its stake in Microsoft by 9.7% in the third quarter. Optimum Investment Advisors now owns 47,904 shares of the software giant’s stock valued at $3,568,000 after acquiring an additional 4,220 shares during the last quarter. 73.35% of the stock is owned by hedge funds and other institutional investors.
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