Microsoft (NASDAQ:MSFT) has been assigned a $168.00 target price by analysts at Barclays in a note issued to investors on Friday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the software giant’s stock. Barclays‘s target price suggests a potential upside of 16.22% from the company’s current price.
Several other research firms also recently commented on MSFT. CIBC upped their price target on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Citigroup upped their price target on shares of Microsoft from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Mizuho upped their price target on shares of Microsoft from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Raymond James upped their price objective on shares of Microsoft from $160.00 to $163.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 19th. Finally, Stifel Nicolaus upped their price objective on shares of Microsoft from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Microsoft presently has an average rating of “Buy” and a consensus price target of $159.45.
MSFT stock opened at $144.55 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.81 and a current ratio of 2.85. The company’s 50-day simple moving average is $139.32 and its 200 day simple moving average is $134.61. Microsoft has a 52 week low of $93.96 and a 52 week high of $145.67. The company has a market capitalization of $1,096.41 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 2.26 and a beta of 1.23.
Microsoft declared that its board has approved a share repurchase program on Wednesday, September 18th that authorizes the company to repurchase $40.00 billion in shares. This repurchase authorization authorizes the software giant to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In other news, EVP Jean Philippe Courtois sold 11,345 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $145.06, for a total value of $1,645,705.70. Following the completion of the transaction, the executive vice president now owns 611,855 shares of the company’s stock, valued at $88,755,686.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 2,500 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $142.89, for a total transaction of $357,225.00. Following the completion of the transaction, the chief marketing officer now directly owns 133,944 shares of the company’s stock, valued at approximately $19,139,258.16. The disclosure for this sale can be found here. Insiders sold 338,304 shares of company stock valued at $46,552,544 in the last three months. Company insiders own 1.39% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. LFA Lugano Financial Advisors SA increased its stake in shares of Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after buying an additional 140 shares during the period. Krane Funds Advisors LLC acquired a new position in shares of Microsoft in the second quarter valued at approximately $26,000. Centaurus Financial Inc. increased its stake in shares of Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after buying an additional 561 shares during the period. Selective Wealth Management Inc. acquired a new position in shares of Microsoft in the third quarter valued at approximately $36,000. Finally, Atwater Malick LLC acquired a new position in shares of Microsoft in the third quarter valued at approximately $37,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
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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