Microsoft (NASDAQ:MSFT) Upgraded by BNP Paribas to Outperform

Microsoft (NASDAQ:MSFTGet Free Report) was upgraded by BNP Paribas from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, Briefing.com reports. The firm currently has a $471.00 price target on the software giant’s stock. BNP Paribas’ price target suggests a potential upside of 20.93% from the stock’s current price.

MSFT has been the subject of several other research reports. Argus increased their target price on shares of Microsoft from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. HSBC upgraded Microsoft from a “hold” rating to a “buy” rating and raised their price objective for the stock from $347.00 to $413.00 in a research report on Thursday, October 26th. Oppenheimer restated an “outperform” rating and issued a $410.00 target price on shares of Microsoft in a research note on Wednesday, October 25th. StockNews.com started coverage on Microsoft in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $400.00 price target on shares of Microsoft in a report on Monday, October 2nd. Three analysts have rated the stock with a hold rating and thirty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

Read Our Latest Research Report on Microsoft

Microsoft Stock Performance

MSFT opened at $389.47 on Thursday. Microsoft has a 12-month low of $230.68 and a 12-month high of $394.03. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 37.70, a price-to-earnings-growth ratio of 2.27 and a beta of 0.88. The stock’s 50 day moving average price is $374.79 and its two-hundred day moving average price is $346.77. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.34. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The business had revenue of $56.52 billion for the quarter, compared to analyst estimates of $54.52 billion. During the same quarter in the previous year, the firm posted $2.35 earnings per share. Microsoft’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that Microsoft will post 11.14 earnings per share for the current year.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 24,681 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the completion of the sale, the executive vice president now directly owns 183,761 shares of the company’s stock, valued at $67,807,809. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Institutional Trading of Microsoft

Several institutional investors and hedge funds have recently made changes to their positions in MSFT. Monumental Financial Group Inc. acquired a new position in Microsoft during the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC grew its holdings in shares of Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares during the period. Infrastructure Capital Advisors LLC bought a new stake in shares of Microsoft in the 2nd quarter valued at $601,000. Hibernia Wealth Partners LLC acquired a new stake in Microsoft during the 3rd quarter worth $69,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.

Microsoft Company Profile

(Get Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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