Goldman Sachs Group Reaffirms Buy Rating for Microsoft (MSFT)

Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating reiterated by analysts at Goldman Sachs Group in a research report issued on Thursday, Borsen Zeitung reports. They presently have a $131.00 price objective on the software giant’s stock. Goldman Sachs Group’s price objective would suggest a potential upside of 6.18% from the stock’s previous close.

A number of other brokerages have also weighed in on MSFT. Wedbush reissued an “outperform” rating and issued a $150.00 target price (up previously from $140.00) on shares of Microsoft in a research report on Thursday. Barclays upped their price target on shares of Microsoft from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. KeyCorp reaffirmed a “buy” rating and set a $141.00 price target (up previously from $125.00) on shares of Microsoft in a research report on Wednesday. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Microsoft in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $125.00.

Shares of NASDAQ:MSFT opened at $123.37 on Thursday. Microsoft has a fifty-two week low of $90.28 and a fifty-two week high of $123.52. The company has a quick ratio of 3.08, a current ratio of 3.12 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $932.06 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The business had revenue of $32.47 billion during the quarter, compared to analyst estimates of $32.53 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. Microsoft’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Microsoft will post 4.41 earnings per share for the current year.

In related news, insider Jean Philippe Courtois sold 28,147 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $108.14, for a total transaction of $3,043,816.58. Following the completion of the transaction, the insider now directly owns 497,162 shares in the company, valued at approximately $53,763,098.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 267,466 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total value of $28,354,070.66. Following the transaction, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at $185,183,992.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 333,667 shares of company stock valued at $35,657,016. 1.38% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in MSFT. Radnor Capital Management LLC boosted its position in shares of Microsoft by 11.6% during the 3rd quarter. Radnor Capital Management LLC now owns 78,233 shares of the software giant’s stock valued at $8,948,000 after acquiring an additional 8,136 shares during the last quarter. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Microsoft during the 3rd quarter valued at approximately $29,505,000. Cahaba Wealth Management Inc. boosted its position in shares of Microsoft by 18.1% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 3,875 shares of the software giant’s stock valued at $448,000 after acquiring an additional 593 shares during the last quarter. Waverton Investment Management Ltd boosted its position in shares of Microsoft by 0.7% during the 3rd quarter. Waverton Investment Management Ltd now owns 1,476,325 shares of the software giant’s stock valued at $168,847,000 after acquiring an additional 10,820 shares during the last quarter. Finally, Ellenbecker Investment Group boosted its position in shares of Microsoft by 7.6% during the 3rd quarter. Ellenbecker Investment Group now owns 6,821 shares of the software giant’s stock valued at $780,000 after acquiring an additional 480 shares during the last quarter. Institutional investors own 72.89% of the company’s stock.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Featured Article: Diversification For Individual Investors

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.