HSBC Lowers Microsoft (NASDAQ:MSFT) Price Target to $571.00

Microsoft (NASDAQ:MSFTGet Free Report) had its target price lowered by stock analysts at HSBC from $593.00 to $571.00 in a research note issued to investors on Thursday,MarketScreener reports. HSBC’s target price suggests a potential upside of 37.79% from the company’s current price.

Other equities analysts have also issued reports about the company. Guggenheim restated a “buy” rating and set a $586.00 target price on shares of Microsoft in a research report on Thursday. Royal Bank Of Canada restated a “buy” rating on shares of Microsoft in a research report on Monday, April 27th. DA Davidson decreased their target price on shares of Microsoft from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday. Wall Street Zen cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Finally, TD Cowen decreased their target price on shares of Microsoft from $610.00 to $540.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $556.15.

Check Out Our Latest Stock Analysis on Microsoft

Microsoft Trading Up 1.6%

Shares of MSFT stock opened at $414.41 on Thursday. The company has a market cap of $3.08 trillion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.38. The firm has a fifty day moving average price of $395.28 and a 200-day moving average price of $448.37. Microsoft has a 1 year low of $356.28 and a 1 year high of $555.45.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.06 by $0.21. The company had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. Microsoft’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.46 EPS. As a group, equities analysts predict that Microsoft will post 16.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John W. Stanton bought 5,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was bought at an average cost of $397.35 per share, for a total transaction of $1,986,750.00. Following the completion of the purchase, the director directly owned 83,905 shares in the company, valued at approximately $33,339,651.75. The trade was a 6.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 12,321 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $409.52, for a total transaction of $5,045,695.92. Following the completion of the sale, the executive vice president owned 137,933 shares of the company’s stock, valued at approximately $56,486,322.16. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Microsoft

Institutional investors and hedge funds have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC raised its holdings in shares of Microsoft by 51.3% during the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after purchasing an additional 20 shares during the last quarter. Bernzott Capital Advisors purchased a new position in shares of Microsoft during the fourth quarter worth $34,000. Bayforest Capital Ltd purchased a new position in shares of Microsoft during the third quarter worth $38,000. Timmons Wealth Management LLC purchased a new position in shares of Microsoft during the fourth quarter worth $36,000. Finally, Fairway Wealth LLC raised its holdings in shares of Microsoft by 287.0% during the fourth quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock worth $43,000 after purchasing an additional 66 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Microsoft

Here are the key news stories impacting Microsoft this week:

About Microsoft

(Get Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Further Reading

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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