Microsoft (NASDAQ:MSFT) Given Neutral Rating at Guggenheim

Microsoft (NASDAQ:MSFT - Get Free Report)'s stock had its "neutral" rating restated by research analysts at Guggenheim in a report released on Thursday,Benzinga reports.

MSFT has been the topic of several other reports. Mizuho boosted their target price on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday. KeyCorp restated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their target price on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday. Tigress Financial boosted their target price on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, BMO Capital Markets boosted their target price on Microsoft from $470.00 to $485.00 and gave the stock an "outperform" rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $502.84.

Microsoft Price Performance

NASDAQ:MSFT traded up $37.86 during trading hours on Thursday, hitting $433.12. 27,837,163 shares of the stock were exchanged, compared to its average volume of 21,197,022. Microsoft has a 52-week low of $344.79 and a 52-week high of $468.35. The firm's fifty day moving average price is $383.76 and its 200 day moving average price is $410.91. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.22 trillion, a P/E ratio of 34.83, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the business earned $2.94 EPS. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts anticipate that Microsoft will post 13.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Microsoft

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fortem Financial Group LLC grew its position in shares of Microsoft by 15.1% during the first quarter. Fortem Financial Group LLC now owns 13,652 shares of the software giant's stock worth $5,125,000 after buying an additional 1,790 shares in the last quarter. Beirne Wealth Consulting Services LLC grew its position in shares of Microsoft by 2.4% during the first quarter. Beirne Wealth Consulting Services LLC now owns 9,183 shares of the software giant's stock worth $3,447,000 after buying an additional 217 shares in the last quarter. IFC Advisors LLC boosted its holdings in Microsoft by 1.2% in the first quarter. IFC Advisors LLC now owns 25,325 shares of the software giant's stock valued at $9,507,000 after purchasing an additional 296 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its holdings in Microsoft by 7.5% in the first quarter. Quest 10 Wealth Builders Inc. now owns 1,383 shares of the software giant's stock valued at $519,000 after purchasing an additional 96 shares in the last quarter. Finally, MA Private Wealth boosted its holdings in Microsoft by 2.3% in the first quarter. MA Private Wealth now owns 2,196 shares of the software giant's stock valued at $824,000 after purchasing an additional 50 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.