Microsoft (NASDAQ:MSFT) is trading down 0%

The stock price of Microsoft Co. (NASDAQ:MSFT – Get Free Report) fell 0% during trading on Tuesday. The stock traded as low as $425.25 and last traded at $427.85. About 2,839,150 shares traded during trading, an 86% decline from the average daily volume of 20,961,865 shares. The stock previously closed at $427.87.

Changes in analyst ratings

A number of brokers have recently expressed their opinions on MSFT. Piper Sandler reissued an “overweight” rating and set a $465.00 price target (up from $455.00) on shares of Microsoft in a report on Friday, April 26. JPMorgan Chase & Co. raised their target price on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, March 25. Wells Fargo & Company lifted their target price on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, April 26. Finally, New Street Research started covering shares of Microsoft in a report on Monday. They gave a buy rating and a $570.00 price target for the stock. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $463.69.

Get our latest analysis on Microsoft

Microsoft shares rise 0.2%

The company’s fifty-day moving average is $416.26 and its 200-day moving average is $403.12. The stock has a market cap of $3.19 trillion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.24, and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT – Get Free Report) posted its latest earnings results on Thursday, April 25. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period last year, the company posted earnings per share of $2.45. The company’s revenue for the quarter increased 17.0% year over year. On average, stock analysts predict that Microsoft Co. will post earnings per share of 11.77 for the current year.

Insiders place their bets

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction on Friday, May 31st. The shares sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the Chief Marketing Officer now directly owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The explanation of this sale can be found here. Over the last ninety days, insiders have sold 25,566 shares of the company’s stock worth $10,877,535. Corporate insiders own 0.03% of the company’s shares.

Hedge funds weigh heavily on Microsoft

Several hedge funds have recently bought and sold shares of the stock. Friedenthal Financial acquired a new stake in shares of Microsoft during the fourth quarter worth approximately $45,000. Neo Ivy Capital Management acquired a new stake in Microsoft worth approximately $58,000 during the fourth quarter. Richardson Capital Management LLC increased its stake in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares during the period. PayPay Securities Corp increased its stake in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant worth $71,000, after acquiring an additional 36 shares in the last quarter. Finally, Bellevue Group AG increased its stake in Microsoft shares by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s shares.

About Microsoft

(Get a free report)

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.

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