Microsoft (NASDAQ:MSFT) Price Target Cut to $270.00 by Analysts at Raymond James

Microsoft (NASDAQ:MSFTGet Rating) had its target price lowered by equities research analysts at Raymond James from $280.00 to $270.00 in a report released on Wednesday, The Fly reports. Raymond James’ target price points to a potential upside of 11.55% from the company’s previous close.

Other analysts have also recently issued reports about the company. Piper Sandler decreased their price objective on Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a research report on Monday, January 9th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, January 19th. Morgan Stanley decreased their price objective on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Evercore ISI decreased their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, January 19th. Finally, The Goldman Sachs Group set a $315.00 price objective on Microsoft in a research report on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $287.03.

Microsoft Trading Down 0.2 %

NASDAQ:MSFT opened at $242.04 on Wednesday. The stock’s 50 day moving average price is $241.72 and its 200 day moving average price is $249.53. The company has a market capitalization of $1.80 trillion, a PE ratio of 26.08, a P/E/G ratio of 2.39 and a beta of 0.94. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. Microsoft has a 52-week low of $213.43 and a 52-week high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.02. The firm had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 EPS. On average, research analysts anticipate that Microsoft will post 9.49 EPS for the current year.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the transaction, the executive vice president now owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Microsoft

Several hedge funds have recently bought and sold shares of MSFT. Phoenix Wealth Advisors grew its position in shares of Microsoft by 2.0% in the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after purchasing an additional 343 shares during the period. Jmac Enterprises LLC grew its position in shares of Microsoft by 1.0% in the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after purchasing an additional 169 shares during the period. ARGI Investment Services LLC grew its position in shares of Microsoft by 9.9% in the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after purchasing an additional 3,358 shares during the period. First PREMIER Bank boosted its holdings in Microsoft by 0.3% in the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock valued at $6,699,000 after acquiring an additional 79 shares during the last quarter. Finally, Seaview Investment Managers LLC boosted its holdings in Microsoft by 4.9% in the second quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock valued at $6,893,000 after acquiring an additional 1,261 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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