Microsoft (NASDAQ:MSFT) Stock Price Up 0.8%

Microsoft Co. (NASDAQ:MSFTGet Free Report) traded up 0.8% on Tuesday . The company traded as high as $430.50 and last traded at $428.90. 5,547,201 shares changed hands during trading, a decline of 74% from the average session volume of 21,252,129 shares. The stock had previously closed at $425.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MSFT shares. Macquarie lifted their price objective on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Royal Bank of Canada lifted their price objective on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. The Goldman Sachs Group lifted their price objective on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Evercore ISI lifted their price objective on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, UBS Group reiterated a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $454.70.

Check Out Our Latest Analysis on Microsoft

Microsoft Stock Up 0.1 %

The business’s fifty day moving average price is $416.05 and its 200 day moving average price is $397.95. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.20 trillion, a PE ratio of 37.27, a PEG ratio of 2.26 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.45 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.70%. Microsoft’s dividend payout ratio is presently 25.97%.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Microsoft

Hedge funds have recently made changes to their positions in the stock. Morris Financial Concepts Inc. grew its stake in shares of Microsoft by 0.9% during the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after acquiring an additional 25 shares during the period. Innova Wealth Partners boosted its position in Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after purchasing an additional 25 shares during the period. Arkansas Financial Group Inc. increased its stake in shares of Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after purchasing an additional 25 shares in the last quarter. Partnership Wealth Management LLC raised its position in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the period. Finally, Johnson Bixby & Associates LLC lifted its stake in shares of Microsoft by 0.4% during the 1st quarter. Johnson Bixby & Associates LLC now owns 6,481 shares of the software giant’s stock valued at $2,727,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

About Microsoft

(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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