Microsoft (NASDAQ:MSFT) Price Target Raised to $158.00 at Argus

Microsoft (NASDAQ:MSFT) had its target price boosted by investment analysts at Argus to $158.00 in a research report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the software giant’s stock. Argus’ price target would indicate a potential upside of 11.79% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Credit Suisse Group set a $203.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Wedbush lifted their price objective on shares of Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $115.00 price objective (down previously from $118.00) on shares of New Relic in a report on Tuesday, July 16th. Finally, Goldman Sachs Group set a $151.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and a consensus price target of $149.21.

Shares of Microsoft stock opened at $141.34 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $135.84. Microsoft has a 1 year low of $93.96 and a 1 year high of $141.68. The stock has a market capitalization of $1,078.31 billion, a PE ratio of 29.76, a PEG ratio of 2.46 and a beta of 1.21.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter last year, the company posted $1.13 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Microsoft will post 5.21 earnings per share for the current fiscal year.

In related news, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the transaction, the executive vice president now directly owns 202,518 shares in the company, valued at $26,969,322.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Bradford L. Smith sold 192,300 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $130.34, for a total transaction of $25,064,382.00. Following the transaction, the president now owns 754,442 shares in the company, valued at $98,333,970.28. The disclosure for this sale can be found here. Insiders have sold 216,247 shares of company stock worth $28,204,754 over the last 90 days. 1.38% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Quantamental Technologies LLC acquired a new position in Microsoft in the 4th quarter valued at about $26,000. Highwater Wealth Management LLC acquired a new position in shares of Microsoft in the 4th quarter worth approximately $27,000. Centaurus Financial Inc. lifted its holdings in shares of Microsoft by 21.1% in the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after acquiring an additional 561 shares during the last quarter. Mackey Komara & Dankovich LLC acquired a new position in shares of Microsoft in the 4th quarter worth approximately $30,000. Finally, Ayalon Holdings Ltd. acquired a new position in shares of Microsoft in the 4th quarter worth approximately $41,000. Institutional investors own 72.04% of the company’s stock.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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