Microsoft (NASDAQ:MSFT) Given New $515.00 Price Target at Wedbush

Microsoft (NASDAQ:MSFT - Get Free Report) had its price objective increased by analysts at Wedbush from $475.00 to $515.00 in a research note issued on Thursday, Marketbeat Ratings reports. The firm currently has an "outperform" rating on the software giant's stock. Wedbush's target price indicates a potential upside of 18.31% from the stock's current price.

A number of other brokerages have also commented on MSFT. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research report on Thursday. The Goldman Sachs Group dropped their price objective on shares of Microsoft from $500.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. UBS Group reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $507.77.

Microsoft Stock Up 2.3 %

Shares of NASDAQ:MSFT traded up $9.88 during trading on Thursday, reaching $435.28. The stock had a trading volume of 30,732,671 shares, compared to its average volume of 21,356,359. The firm's 50-day simple moving average is $384.93 and its 200 day simple moving average is $411.12. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft has a one year low of $344.79 and a one year high of $468.35. The company has a market capitalization of $3.24 trillion, a P/E ratio of 35.05, a PEG ratio of 2.21 and a beta of 1.00.

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

Hedge Funds Weigh In On Microsoft

Institutional investors have recently bought and sold shares of the company. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the fourth quarter worth approximately $31,000. Newton One Investments LLC lifted its stake in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the 4th quarter worth $38,000. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in Microsoft in the 4th quarter valued at about $44,000. 71.13% of the stock is 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.