Microsoft’s (MSFT) “Buy” Rating Reaffirmed at Guggenheim

Microsoft (NASDAQ:MSFTGet Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Guggenheim in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $586.00 price objective on the software giant’s stock. Guggenheim’s price target indicates a potential upside of 39.07% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Bank of America assumed coverage on Microsoft in a report on Tuesday, March 24th. They issued a “buy” rating and a $500.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $590.00 target price on shares of Microsoft in a research note on Thursday, January 29th. Barclays restated an “overweight” rating on shares of Microsoft in a research note on Monday, March 9th. Benchmark assumed coverage on Microsoft in a research note on Wednesday, April 1st. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Microsoft from $575.00 to $550.00 and set an “overweight” rating on the stock in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $575.34.

Read Our Latest Report on Microsoft

Microsoft Stock Down 2.7%

Shares of NASDAQ:MSFT traded down $11.56 on Thursday, reaching $421.37. The company had a trading volume of 14,589,346 shares, compared to its average volume of 35,360,391. Microsoft has a 52-week low of $356.28 and a 52-week high of $555.45. The firm’s 50 day simple moving average is $392.73 and its 200-day simple moving average is $452.09. The firm has a market capitalization of $3.13 trillion, a PE ratio of 26.39, a PEG ratio of 1.60 and a beta of 1.11. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.09.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The software giant reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.86 by $0.28. Microsoft had a return on equity of 32.34% and a net margin of 39.04%.The business had revenue of $81.27 billion for the quarter, compared to the consensus estimate of $80.28 billion. During the same period last year, the business posted $3.23 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. As a group, analysts expect that Microsoft will post 16.54 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In other news, Director John W. Stanton purchased 5,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was bought at an average price of $397.35 per share, with a total value of $1,986,750.00. Following the transaction, the director owned 83,905 shares in the company, valued at $33,339,651.75. The trade was a 6.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 12,321 shares of Microsoft stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $409.52, for a total value of $5,045,695.92. Following the sale, the executive vice president directly owned 137,933 shares of the company’s stock, valued at approximately $56,486,322.16. This represents a 8.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.03% of the company’s stock.

Institutional Trading of Microsoft

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC lifted its holdings in shares of Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after buying an additional 20 shares during the period. Bernzott Capital Advisors acquired a new position in shares of Microsoft in the 4th quarter valued at about $34,000. Bayforest Capital Ltd acquired a new position in shares of Microsoft in the 3rd quarter valued at about $38,000. Timmons Wealth Management LLC acquired a new position in shares of Microsoft in the 4th quarter valued at about $36,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Microsoft by 287.0% in the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

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Microsoft Company Profile

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Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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