Deutsche Bank Aktiengesellschaft Trims Microsoft (NASDAQ:MSFT) Target Price to $350.00

Microsoft (NASDAQ:MSFTGet Rating) had its price target decreased by Deutsche Bank Aktiengesellschaft from $390.00 to $350.00 in a report issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the software giant’s stock.

Several other research firms have also recently issued reports on MSFT. Summit Insights reissued a buy rating on shares of Microsoft in a research report on Tuesday, January 25th. Citigroup raised their target price on shares of Microsoft from $355.00 to $364.00 in a research report on Wednesday. Oppenheimer raised their target price on shares of Microsoft from $330.00 to $340.00 and gave the stock an outperform rating in a research report on Wednesday, January 26th. Barclays set a $363.00 target price on shares of Microsoft in a research report on Wednesday. Finally, Wolfe Research lifted their price target on shares of Microsoft from $330.00 to $350.00 and gave the company an outperform rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Buy and a consensus target price of $356.65.

Microsoft stock opened at $277.52 on Wednesday. Microsoft has a 12-month low of $238.07 and a 12-month high of $349.67. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 28.97, a P/E/G ratio of 2.44 and a beta of 0.91. The firm’s 50-day moving average is $292.35 and its two-hundred day moving average is $310.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 2.21.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.19 by $0.03. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The business had revenue of $49.36 billion for the quarter, compared to analysts’ expectations of $49.05 billion. During the same period last year, the company earned $1.95 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. As a group, analysts forecast that Microsoft will post 9.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Investors of record on Thursday, May 19th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.89%. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

In other Microsoft news, Director Emma N. Walmsley acquired 1,600 shares of the firm’s stock in a transaction on Monday, January 31st. The stock was purchased at an average price of $311.53 per share, with a total value of $498,448.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 27,860 shares of Microsoft stock in a transaction 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 disclosure for this sale can be found here. 0.05% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Shore Point Advisors LLC acquired a new stake in Microsoft in the fourth quarter worth about $40,000. Tobam raised its holdings in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares during the period. Macroview Investment Management LLC acquired a new stake in Microsoft during the 4th quarter worth about $62,000. TFO TDC LLC increased its holdings in shares of Microsoft by 6,566.7% in the 4th quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock valued at $68,000 after purchasing an additional 197 shares during the period. Finally, Artemis Wealth Advisors LLC acquired a new position in shares of Microsoft in the 1st quarter valued at about $68,000. 69.41% of the stock is owned by institutional investors and hedge funds.

About Microsoft (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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