Microsoft (NASDAQ:MSFT) Price Target Increased to $345.00 by Analysts at Barclays

Microsoft (NASDAQ:MSFT) had its price target boosted by Barclays from $330.00 to $345.00 in a research report sent to investors on Friday, The Fly reports. The brokerage currently has an overweight rating on the software giant’s stock. The analysts noted that the move was a valuation call.

MSFT has been the topic of a number of other reports. The Goldman Sachs Group set a $340.00 price target on shares of Microsoft in a research note on Wednesday, July 28th. Rosenblatt Securities reiterated a buy rating and set a $349.00 price target on shares of Microsoft in a research note on Friday. Bank of America boosted their price target on shares of Microsoft from $325.00 to $340.00 and gave the stock a buy rating in a research note on Wednesday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Microsoft from $300.00 to $310.00 and gave the stock an overweight rating in a research note on Wednesday, July 28th. Finally, BMO Capital Markets upped their target price on shares of Microsoft from $290.00 to $325.00 and gave the stock an outperform rating in a research note on Wednesday, July 28th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Buy and an average target price of $324.84.

NASDAQ MSFT opened at $294.30 on Friday. The firm’s 50-day moving average is $292.93 and its two-hundred day moving average is $266.33. Microsoft has a 12 month low of $196.38 and a 12 month high of $305.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 2.05. The stock has a market capitalization of $2.21 trillion, a P/E ratio of 36.56, a PEG ratio of 3.10 and a beta of 0.78.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.25. The company had revenue of $46.15 billion for the quarter, compared to analyst estimates of $44.30 billion. Microsoft had a net margin of 36.45% and a return on equity of 45.76%. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, analysts anticipate that Microsoft will post 8.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be issued a $0.62 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, November 17th. Microsoft’s dividend payout ratio is presently 28.11%.

In other Microsoft news, CMO Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction on Friday, September 10th. The stock was sold at an average price of $298.82, for a total value of $2,988,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Amy Hood sold 60,000 shares of the firm’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $303.08, for a total value of $18,184,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,573 shares of company stock valued at $50,066,379. Corporate insiders own 0.05% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Activest Wealth Management acquired a new stake in Microsoft in the second quarter valued at $751,000. Sunflower Bank N.A. purchased a new position in shares of Microsoft in the second quarter valued at $5,924,000. J Arnold Wealth Management Co purchased a new position in shares of Microsoft in the second quarter valued at $216,000. Newbridge Financial Services Group Inc. increased its position in shares of Microsoft by 8.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 13,356 shares of the software giant’s stock valued at $3,618,000 after buying an additional 1,017 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Microsoft by 1.9% in the second quarter. Parametric Portfolio Associates LLC now owns 32,935,957 shares of the software giant’s stock valued at $8,922,351,000 after buying an additional 623,737 shares in the last quarter. 69.17% of the stock is owned by institutional investors.

Microsoft Company Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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