Microsoft (NASDAQ:MSFT) Price Target Increased to $460.00 by Analysts at Wells Fargo & Company

Microsoft (NASDAQ:MSFTGet Free Report) had its price target increased by equities researchers at Wells Fargo & Company from $435.00 to $460.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the software giant’s stock. Wells Fargo & Company‘s price target points to a potential upside of 12.58% from the stock’s current price.

A number of other analysts also recently issued reports on MSFT. Wedbush reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Microsoft in a research note on Monday. BMO Capital Markets increased their price objective on shares of Microsoft from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Rosenblatt Securities boosted their target price on shares of Microsoft from $370.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a report on Thursday, January 18th. Finally, Tigress Financial boosted their price objective on Microsoft from $433.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Three equities research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $408.56.

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Microsoft Trading Down 0.3 %

Shares of MSFT opened at $408.59 on Wednesday. Microsoft has a 1 year low of $242.95 and a 1 year high of $413.05. The company has a 50 day simple moving average of $380.47 and a two-hundred day simple moving average of $350.87. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 1.64. The firm has a market cap of $3.04 trillion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.18. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same period in the previous year, the firm posted $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities analysts expect that Microsoft will post 11.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the transaction, the executive vice president now owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Monumental Financial Group Inc. acquired a new position in Microsoft during the 1st quarter valued at approximately $28,000. Friedenthal Financial acquired a new position in shares of Microsoft in the fourth quarter valued at about $45,000. Atlantic Private Wealth LLC raised its stake in shares of Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new stake in shares of Microsoft during the third quarter worth about $69,000. Finally, Iron Horse Wealth Management LLC boosted its position in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

About Microsoft

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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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