CIBC Boosts Microsoft (NASDAQ:MSFT) Price Target to $160.00

Microsoft (NASDAQ:MSFT) had its price target boosted by CIBC from $145.00 to $160.00 in a report issued on Friday morning, FirstToMarketsRatingsTable reports. CIBC currently has an outperform rating on the software giant’s stock.

Other equities analysts have also issued research reports about the stock. DZ Bank reaffirmed a sell rating on shares of Sartorius in a research report on Friday. Goldman Sachs Group set a $131.00 target price on shares of Microsoft and gave the stock a buy rating in a research report on Wednesday, April 24th. Barclays boosted their target price on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the stock an underweight rating in a research report on Thursday, April 25th. Wedbush boosted their target price on shares of Mastercard from $261.00 to $287.00 and gave the stock an outperform rating in a research report on Thursday, June 13th. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-seven have given a buy rating and three have issued a strong buy rating to the stock. Microsoft has a consensus rating of Buy and a consensus price target of $146.41.

NASDAQ:MSFT opened at $136.62 on Friday. Microsoft has a 12 month low of $93.96 and a 12 month high of $140.67. The company has a market capitalization of $1,046.89 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. The company has a 50 day moving average price of $133.73.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business had revenue of $33.72 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Microsoft’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts expect that Microsoft will post 5.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.35%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

In other news, President Bradford L. Smith sold 192,300 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $130.34, for a total value of $25,064,382.00. Following the sale, the president now owns 754,442 shares in the company, valued at approximately $98,333,970.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $128.87, for a total transaction of $386,610.00. The disclosure for this sale can be found here. Insiders sold a total of 216,247 shares of company stock worth $28,204,754 in the last three months. Insiders own 1.38% of the company’s stock.

Large investors have recently modified their holdings of the company. Guardian Investment Management boosted its stake in shares of Microsoft by 4.2% in the 4th quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock valued at $3,125,000 after purchasing an additional 1,240 shares in the last quarter. United Capital Management of KS Inc. boosted its stake in shares of Microsoft by 5.8% in the 4th quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock valued at $1,811,000 after purchasing an additional 984 shares in the last quarter. Ocean Capital Management LLC boosted its stake in shares of Microsoft by 12.3% in the 1st quarter. Ocean Capital Management LLC now owns 8,199 shares of the software giant’s stock valued at $967,000 after purchasing an additional 895 shares in the last quarter. Abner Herrman & Brock LLC boosted its stake in shares of Microsoft by 1.3% in the 4th quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock valued at $26,316,000 after purchasing an additional 3,234 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in shares of Microsoft by 0.3% in the 4th quarter. Leavell Investment Management Inc. now owns 89,124 shares of the software giant’s stock valued at $9,052,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 72.04% 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.

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