Microsoft (NASDAQ:MSFT) Given New $490.00 Price Target at Raymond James

Microsoft (NASDAQ:MSFT - Get Free Report) had its price objective increased by investment analysts at Raymond James from $480.00 to $490.00 in a report issued on Thursday, MarketBeat reports. The firm presently has an "outperform" rating on the software giant's stock. Raymond James' target price indicates a potential upside of 12.57% from the company's current price.

Other analysts have also issued reports about the stock. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their target price on Microsoft from $500.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. BMO Capital Markets increased their price objective on Microsoft from $470.00 to $485.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $507.77.

Microsoft Price Performance

NASDAQ MSFT traded up $9.88 during mid-day trading on Thursday, hitting $435.28. The stock had a trading volume of 30,732,671 shares, compared to its average volume of 21,356,359. The company has a 50 day simple moving average of $384.93 and a 200 day simple moving average of $411.12. The company has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $2.94 earnings per share. Equities analysts forecast that Microsoft will post 13.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Microsoft

Several institutional investors have recently bought and sold shares of the business. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the fourth quarter worth about $31,000. Newton One Investments LLC raised its holdings in shares of Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after buying an additional 30 shares during the period. Fiduciary Advisors Inc. acquired a new position in Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the period. Finally, LSV Asset Management acquired a new stake in Microsoft in the fourth quarter valued at approximately $44,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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.