Microsoft (NASDAQ:MSFT) Stock Price Up 1.6% – What’s Next?
by Doug Wharley · The Cerbat GemShares of Microsoft Co. (NASDAQ:MSFT – Get Free Report) traded up 1.6% during trading on Friday . The company traded as high as $384.84 and last traded at $384.72. 4,621,811 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 23,017,955 shares. The stock had previously closed at $378.77.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus decreased their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Finally, Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $510.43.
Check Out Our Latest Report on Microsoft
Microsoft Stock Performance
The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.89 trillion, a PE ratio of 31.28, a PEG ratio of 2.21 and a beta of 0.92. The firm’s 50-day simple moving average is $413.12 and its two-hundred day simple moving average is $420.77.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the business posted $2.93 EPS. On average, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.
Hedge Funds Weigh In On Microsoft
Institutional investors and hedge funds have recently modified their holdings of the stock. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft in the 4th quarter valued at $31,000. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the 4th quarter valued at $38,000. Christopher J. Hasenberg Inc lifted its stake 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 purchasing an additional 25 shares during the last quarter. IFS Advisors LLC lifted its position in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Finally, LSV Asset Management acquired a new position in Microsoft during the 4th quarter worth $44,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Company Profile
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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