Oppenheimer Boosts Microsoft (NASDAQ:MSFT) Price Target to $127.00

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Microsoft (NASDAQ:MSFT) had its price objective boosted by Oppenheimer to $127.00 in a note issued to investors on Tuesday, September 18th, The Fly reports. The brokerage currently has an “outperform” rating on the software giant’s stock. Oppenheimer’s price objective suggests a potential upside of 15.91% from the company’s current price. Oppenheimer also issued estimates for Microsoft’s Q1 2019 earnings at $1.01 EPS, Q4 2019 earnings at $1.26 EPS and FY2020 earnings at $4.97 EPS.

MSFT has been the topic of a number of other reports. Goldman Sachs Group reissued a “buy” rating and issued a $117.00 price objective on shares of Microsoft in a research note on Tuesday, June 5th. Argus reissued a “focus list” rating and issued a $116.00 price objective on shares of Microsoft in a research note on Wednesday, June 6th. Jefferies Financial Group reissued a “sell” rating and issued a $75.00 price objective on shares of Microsoft in a research note on Monday, June 11th. Morgan Stanley reissued a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a research note on Monday, June 11th. Finally, UBS Group set a $114.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Wednesday, June 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $120.60.

Microsoft stock traded up $3.66 during trading hours on Tuesday, reaching $109.57. 46,717,564 shares of the stock were exchanged, compared to its average volume of 28,720,928. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90. Microsoft has a 52-week low of $77.25 and a 52-week high of $116.18. The company has a market cap of $880.63 billion, a P/E ratio of 28.24, a PEG ratio of 2.19 and a beta of 1.28.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.23 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities analysts predict that Microsoft will post 4.25 earnings per share for the current year.

In other news, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the completion of the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Margaret L. Johnson sold 47,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the sale, the executive vice president now directly owns 109,687 shares of the company’s stock, valued at approximately $11,809,999.29. The disclosure for this sale can be found here. Insiders have sold 650,042 shares of company stock worth $71,264,850 in the last quarter. Insiders own 1.49% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MSFT. BlackRock Inc. boosted its holdings in shares of Microsoft by 1.4% during the second quarter. BlackRock Inc. now owns 506,636,253 shares of the software giant’s stock valued at $49,959,403,000 after acquiring an additional 6,786,483 shares during the period. FMR LLC boosted its holdings in shares of Microsoft by 2.4% during the second quarter. FMR LLC now owns 231,776,134 shares of the software giant’s stock valued at $22,855,445,000 after acquiring an additional 5,367,919 shares during the period. Northern Trust Corp boosted its holdings in shares of Microsoft by 0.3% during the second quarter. Northern Trust Corp now owns 93,397,574 shares of the software giant’s stock valued at $9,209,934,000 after acquiring an additional 258,761 shares during the period. Morgan Stanley boosted its holdings in shares of Microsoft by 3.6% during the second quarter. Morgan Stanley now owns 58,069,024 shares of the software giant’s stock valued at $5,726,188,000 after acquiring an additional 2,007,248 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Microsoft by 1.2% during the second quarter. Janus Henderson Group PLC now owns 48,317,706 shares of the software giant’s stock valued at $4,764,670,000 after acquiring an additional 592,272 shares during the period. 71.80% of the stock is owned by institutional investors and hedge funds.

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 for businesses, 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.

Further Reading: Return on Investment (ROI) Defined, Explained

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