Microsoft (NASDAQ:MSFT) Given New $500.00 Price Target at Evercore ISI

Microsoft (NASDAQ:MSFT - Get Free Report) had its target price boosted by Evercore ISI from $435.00 to $500.00 in a report released on Thursday, Marketbeat reports. The brokerage presently has an "outperform" rating on the software giant's stock. Evercore ISI's price objective would suggest a potential upside of 14.87% from the stock's previous close.

Several other research analysts also recently issued reports on MSFT. Cantor Fitzgerald reiterated an "overweight" rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on shares of Microsoft from $500.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, April 24th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, Scotiabank upped their price target on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $507.77.

Microsoft Price Performance

NASDAQ:MSFT traded up $9.88 during mid-day trading on Thursday, hitting $435.28. The company's stock had a trading volume of 30,732,671 shares, compared to its average volume of 21,356,359. 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 stock has a fifty day moving average of $384.93 and a 200-day moving average of $411.12. The company has a market capitalization 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 fifty-two week low of $344.79 and a fifty-two week high of $468.35.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. grew its position in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after acquiring an additional 18,052 shares during the period. Campbell Wealth Management acquired a new position in shares of Microsoft during the 3rd quarter worth about $3,314,000. Centric Wealth Management raised its holdings in shares of Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after purchasing an additional 112 shares during the period. Finally, 1900 Wealth Management LLC lifted its stake in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares during the last quarter. Institutional investors 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.