Microsoft (NASDAQ:MSFT) Given a $330.00 Price Target by UBS Group Analysts

UBS Group set a $330.00 price target on Microsoft (NASDAQ:MSFT – Get Rating) in a research note released on Monday morning, Stock Target Advisor reports.

Other analysts have also issued reports about the stock. Wells Fargo & Company cut their target price on shares of Microsoft from $425.00 to $400.00 and set an overweight rating on the stock in a research note on Tuesday, April 19th. Citigroup upped their target price on shares of Microsoft from $355.00 to $364.00 in a research note on Wednesday, April 27th. Wedbush cut their target price on shares of Microsoft from $375.00 to $340.00 and set an outperform rating on the stock in a research note on Wednesday, April 27th. Royal Bank of Canada set a $380.00 target price on shares of Microsoft in a research note on Thursday, May 19th. Finally, Wolfe Research upped their target price on shares of Microsoft from $330.00 to $350.00 and gave the stock an outperform rating in a research note on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $353.36.

Shares of NASDAQ:MSFT opened at $258.86 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. The firm has a market capitalization of $1.94 trillion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. The firm’s 50-day moving average is $267.07 and its two-hundred day moving average is $293.43. Microsoft has a 1 year low of $241.51 and a 1 year high of $349.67.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.04. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company had revenue of $49.36 billion for the quarter, compared to analyst estimates of $49.05 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. Analysts expect that Microsoft will post 9.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.89%.

Several hedge funds and other institutional investors have recently modified their holdings of MSFT. New World Advisors LLC lifted its holdings in shares of Microsoft by 11.8% during the third quarter. New World Advisors LLC now owns 7,052 shares of the software giant’s stock worth $2,180,000 after purchasing an additional 745 shares during the period. Legacy Wealth Planning LLC raised its position in Microsoft by 0.6% in the third quarter. Legacy Wealth Planning LLC now owns 7,632 shares of the software giant’s stock worth $2,152,000 after acquiring an additional 47 shares in the last quarter. BloombergSen Inc. raised its position in Microsoft by 1.4% in the third quarter. BloombergSen Inc. now owns 70,286 shares of the software giant’s stock worth $19,801,000 after acquiring an additional 942 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Microsoft in the third quarter worth $71,000. Finally, Twinbeech Capital LP purchased a new position in Microsoft in the third quarter worth $346,000. 69.99% of the stock is owned by hedge funds and other 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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