Microsoft (MSFT) Rating Reiterated by Credit Suisse Group
Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating reaffirmed by investment analysts at Credit Suisse Group in a note issued to investors on Monday. They presently have a $125.00 target price on the software giant’s stock. Credit Suisse Group’s target price points to a potential upside of 12.37% from the stock’s previous close.
Several other research firms have also issued reports on MSFT. Royal Bank of Canada reissued a “buy” rating and set a $124.00 target price on shares of Microsoft in a research note on Monday, September 3rd. BidaskClub raised Microsoft from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Morgan Stanley reissued a “buy” rating and set a $130.00 target price on shares of Microsoft in a research note on Tuesday, August 28th. Barclays reissued a “buy” rating and set a $117.00 target price on shares of Microsoft in a research note on Friday, August 10th. Finally, Oppenheimer set a $120.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $119.49.
Shares of Microsoft stock opened at $111.24 on Monday. Microsoft has a 52 week low of $72.92 and a 52 week high of $112.78. The firm has a market capitalization of $833.19 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.07 and a beta of 1.26. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.
In other news, insider Jean Philippe Courtois sold 28,941 shares of the stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $109.00, for a total value of $3,154,569.00. Following the transaction, the insider now owns 529,721 shares in the company, valued at approximately $57,739,589. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 23,337 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the transaction, the chief marketing officer now owns 190,570 shares in the company, valued at approximately $20,814,055.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 650,042 shares of company stock worth $71,264,850. Company insiders own 1.49% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MSFT. Osterweis Capital Management Inc. lifted its position in Microsoft by 40.2% during the 1st quarter. Osterweis Capital Management Inc. now owns 427,300 shares of the software giant’s stock worth $39,000,000 after acquiring an additional 122,615 shares during the period. Skye Global Management LP lifted its position in Microsoft by 174.8% during the 1st quarter. Skye Global Management LP now owns 1,998,900 shares of the software giant’s stock worth $182,440,000 after acquiring an additional 1,271,400 shares during the period. HC Financial Advisors Inc. acquired a new stake in Microsoft during the 4th quarter worth approximately $2,206,000. FCG Advisors LLC lifted its position in Microsoft by 19.6% during the 1st quarter. FCG Advisors LLC now owns 25,098 shares of the software giant’s stock worth $2,291,000 after acquiring an additional 4,111 shares during the period. Finally, American Century Companies Inc. lifted its position in Microsoft by 4.1% during the 1st quarter. American Century Companies Inc. now owns 14,905,083 shares of the software giant’s stock worth $1,360,387,000 after acquiring an additional 590,793 shares during the period. Hedge funds and other institutional investors own 71.87% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, 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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