Wedbush Reaffirms “Outperform” Rating for Microsoft (NASDAQ:MSFT)

Microsoft (NASDAQ:MSFTGet Free Report)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $500.00 price target on the software giant’s stock. Wedbush’s price target suggests a potential upside of 16.01% from the stock’s current price.

Several other equities research analysts have also recently issued reports on MSFT. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Sanford C. Bernstein boosted their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Macquarie raised their price objective on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Jefferies Financial Group boosted their target price on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, BMO Capital Markets upped their price objective on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $454.70.

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Microsoft Price Performance

Shares of NASDAQ MSFT traded up $1.96 during midday trading on Wednesday, reaching $431.00. The stock had a trading volume of 5,660,863 shares, compared to its average volume of 21,260,287. The company has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89. Microsoft has a 12-month low of $309.45 and a 12-month high of $432.97. The stock has a 50-day moving average of $415.74 and a 200-day moving average of $397.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.45 EPS. As a group, research analysts anticipate that Microsoft will post 11.77 EPS for the current fiscal year.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Microsoft

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Security Advisor Inc. lifted its position in Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares during the period. Gunderson Capital Management Inc. increased its holdings in Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after buying an additional 185 shares during the period. Rappaport Reiches Capital Management LLC boosted its holdings in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after acquiring an additional 1,067 shares during the last quarter. Bailard Inc. increased its stake in shares of Microsoft by 1.2% in the third quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after acquiring an additional 5,366 shares during the period. Finally, RNC Capital Management LLC raised its holdings in shares of Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Company Profile

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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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