Microsoft (NASDAQ:MSFT) Price Target Raised to $364.00 at Citigroup

Microsoft (NASDAQ:MSFT – Get Rating) had its price objective upped by stock analysts at Citigroup from $355.00 to $364.00 in a research note issued to investors on Wednesday, April 27th, The Fly reports. Citigroup’s price target would suggest a potential upside of 25.53% from the stock’s current price.

A number of other research analysts have also recently issued reports on MSFT. Oppenheimer lifted their price objective on shares of Microsoft from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, January 26th. Royal Bank of Canada set a $380.00 target price on shares of Microsoft in a research report on Wednesday, January 26th. Wells Fargo & Company reduced their target price on Microsoft from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Tuesday, April 19th. Summit Insights reaffirmed a “buy” rating on shares of Microsoft in a research report on Tuesday, January 25th. Finally, Credit Suisse Group set a $400.00 price target on Microsoft in a research report on Monday, April 25th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $356.37.

NASDAQ:MSFT traded up $5.51 during trading hours on Wednesday, reaching $289.98. The company had a trading volume of 33,508,044 shares, compared to its average volume of 36,490,430. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 2.36 and a beta of 0.93. The business’s 50-day simple moving average is $292.31 and its two-hundred day simple moving average is $310.13. Microsoft has a twelve month low of $238.07 and a twelve month high of $349.67.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The business had revenue of $49.36 billion during the quarter, compared to analysts’ expectations of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company posted $1.95 earnings per share. As a group, equities analysts predict that Microsoft will post 9.32 earnings per share for the current year.

In related news, insider Bradford L. Smith sold 27,860 shares of the company’s stock in a transaction that occurred on Tuesday, February 8th. The stock was sold at an average price of $304.64, for a total transaction of $8,487,270.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.05% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MSFT. Shore Point Advisors LLC purchased a new position in Microsoft during the fourth quarter valued at $40,000. Tobam increased its holdings in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares in the last quarter. Macroview Investment Management LLC bought a new position in shares of Microsoft during the fourth quarter valued at $62,000. TFO TDC LLC increased its holdings in shares of Microsoft by 6,566.7% during the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock valued at $68,000 after acquiring an additional 197 shares in the last quarter. Finally, Artemis Wealth Advisors LLC bought a new position in shares of Microsoft during the first quarter valued at $68,000. 69.99% of the stock is owned by institutional investors.

Microsoft Company Profile (Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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