UBS Group Has Lowered Expectations for Microsoft (NASDAQ:MSFT) Stock Price

Microsoft (NASDAQ:MSFT - Get Free Report) had its price target decreased by analysts at UBS Group from $510.00 to $500.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the software giant's stock. UBS Group's price objective would indicate a potential upside of 21.81% from the company's current price.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. KeyCorp lifted their target price on Microsoft from $490.00 to $505.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Citigroup dropped their price target on Microsoft from $500.00 to $497.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group decreased their target price on Microsoft from $515.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, October 10th. Finally, Sanford C. Bernstein dropped their price objective on shares of Microsoft from $501.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus target price of $503.03.

Microsoft Price Performance

Shares of MSFT stock traded down $22.07 during trading hours on Thursday, hitting $410.46. The company's stock had a trading volume of 36,002,063 shares, compared to its average volume of 20,324,814. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $421.01 and a 200-day moving average of $424.70. Microsoft has a twelve month low of $334.69 and a twelve month high of $468.35. The stock has a market cap of $3.05 trillion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 2.24 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.08 by $0.22. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. The company's quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft will post 13.02 EPS for the current year.

Microsoft announced that its Board of Directors has initiated a stock repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Amy Hood sold 38,000 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares of the company's stock, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Microsoft

A number of large investors have recently bought and sold shares of MSFT. Rebalance LLC increased its stake in shares of Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant's stock worth $1,542,000 after purchasing an additional 24 shares during the period. First National Bank Sioux Falls increased its position in shares of Microsoft by 0.4% during the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant's stock worth $2,834,000 after purchasing an additional 24 shares in the last quarter. BCK Partners Inc. raised its stake in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after acquiring an additional 24 shares during the last quarter. Doheny Asset Management CA boosted its stake in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant's stock worth $2,691,000 after purchasing an additional 25 shares in the last quarter. Finally, Flagship Private Wealth LLC grew its holdings in Microsoft by 2.8% during the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant's stock worth $408,000 after acquiring an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

About Microsoft

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.

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