Microsoft (NASDAQ:MSFT) Given New $595.00 Price Target at Tigress Financial

Microsoft (NASDAQ:MSFT) had its target price raised by Tigress Financial from $550.00 to $595.00 in a research report released on Thursday,Benzinga reports. The firm currently has a buy rating on the software giant’s stock.

MSFT has been the topic of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Scotiabank assumed coverage on Microsoft in a report on Thursday. They set a “sector outperform” rating and a $470.00 price target for the company. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Finally, Morgan Stanley decreased their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $386.84 on Thursday. The stock has a market capitalization of $2.88 trillion, a P/E ratio of 31.15, a P/E/G ratio of 2.21 and a beta of 0.92. The business has a 50-day moving average of $409.38 and a two-hundred day moving average of $419.85. Microsoft has a fifty-two week low of $376.91 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the firm earned $2.93 EPS. On average, equities research analysts predict that Microsoft will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.86%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Hedge Funds Weigh In On Microsoft

Several hedge funds have recently added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the fourth quarter worth $38,000. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the period. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. Finally, LSV Asset Management bought a new position in Microsoft during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.