Mizuho Cuts Microsoft (NASDAQ:MSFT) Price Target to $500.00

Microsoft (NASDAQ:MSFT - Get Free Report) had its price objective reduced by investment analysts at Mizuho from $510.00 to $500.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the software giant's stock. Mizuho's price target suggests a potential upside of 20.46% from the stock's previous close.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of Microsoft from $500.00 to $495.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Morgan Stanley lowered their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a report on Thursday. TD Cowen dropped their price target on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Truist Financial reaffirmed a "buy" rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $510.96.

Microsoft Trading Up 0.0 %

Shares of NASDAQ:MSFT traded up $0.07 on Thursday, hitting $415.06. The company had a trading volume of 34,151,765 shares, compared to its average volume of 18,687,650. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft has a 1 year low of $385.58 and a 1 year high of $468.35. The firm's 50-day simple moving average is $432.53 and its two-hundred day simple moving average is $424.61. The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 34.38%. During the same period in the prior year, the firm posted $2.93 EPS. Equities analysts anticipate that Microsoft will post 12.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company's stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last three months. Company insiders own 0.03% of the company's stock.

Institutional Trading of Microsoft

A number of institutional investors have recently made changes to their positions in the business. Joel Adams & Associates Inc. purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $720,000. Global Retirement Partners LLC boosted its holdings in Microsoft by 1.6% in the fourth quarter. Global Retirement Partners LLC now owns 148,268 shares of the software giant's stock valued at $62,495,000 after purchasing an additional 2,349 shares during the last quarter. Semus Wealth Partners LLC raised its stake in shares of Microsoft by 8.0% during the 4th quarter. Semus Wealth Partners LLC now owns 12,075 shares of the software giant's stock valued at $5,090,000 after buying an additional 895 shares during the last quarter. Cornerstone Advisors Asset Management LLC lifted its holdings in Microsoft by 54.3% in the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 1,049 shares of the software giant's stock valued at $442,000 after acquiring an additional 369 shares during the period. Finally, Timber Creek Capital Management LLC boosted its holdings in Microsoft by 1.1% during the fourth quarter. Timber Creek Capital Management LLC now owns 39,541 shares of the software giant's stock worth $16,667,000 after buying an additional 420 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.