Microsoft (NASDAQ:MSFT) has been assigned a $120.00 price target by Oppenheimer in a report issued on Friday, July 27th, The Fly reports. The firm presently has a “buy” rating on the software giant’s stock. Oppenheimer’s target price points to a potential upside of 10.09% from the stock’s previous close. Oppenheimer also issued estimates for Microsoft’s Q1 2019 earnings at $0.99 EPS, Q2 2019 earnings at $1.07 EPS, Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.27 EPS, FY2019 earnings at $4.38 EPS and FY2020 earnings at $4.95 EPS.

Other analysts have also recently issued reports about the stock. Argus reiterated a “focus list” rating and issued a $116.00 target price on shares of Microsoft in a research note on Wednesday, June 6th. Macquarie restated a “neutral” rating and set a $100.00 price objective on shares of Microsoft in a research note on Wednesday, June 13th. Nomura set a $118.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. Goldman Sachs Group restated a “buy” rating and set a $117.00 price objective on shares of Microsoft in a research note on Monday, April 30th. Finally, Atlantic Securities raised shares of Microsoft from a “neutral” rating to an “overweight” rating in a report on Monday, June 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Microsoft presently has an average rating of “Buy” and an average price target of $118.18.

Shares of NASDAQ:MSFT traded down $0.67 during trading on Friday, reaching $109.00. The stock had a trading volume of 18,119,408 shares, compared to its average volume of 27,473,562. Microsoft has a one year low of $71.28 and a one year high of $111.15. The stock has a market capitalization of $844.44 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.23 billion. During the same period last year, the business earned $0.75 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. research analysts forecast that Microsoft will post 4.25 EPS for the current year.

In other news, EVP Christopher C. Capossela sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $100.99, for a total transaction of $1,009,900.00. Following the transaction, the executive vice president now owns 158,601 shares of the company’s stock, valued at approximately $16,017,114.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sandra E. Peterson purchased 5,400 shares of the stock in a transaction dated Tuesday, June 5th. The shares were purchased at an average cost of $101.96 per share, for a total transaction of $550,584.00. Following the transaction, the director now owns 5,400 shares in the company, valued at approximately $550,584. The disclosure for this purchase can be found here. In the last three months, insiders have sold 442,880 shares of company stock worth $48,304,569. Corporate insiders own 1.49% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Microsoft by 1.4% during the second quarter. BlackRock Inc. now owns 506,636,253 shares of the software giant’s stock worth $49,959,403,000 after purchasing an additional 6,786,483 shares during the period. FMR LLC increased its stake in Microsoft by 2.4% during the second quarter. FMR LLC now owns 231,776,134 shares of the software giant’s stock worth $22,855,445,000 after purchasing an additional 5,367,919 shares during the period. Janus Henderson Group PLC increased its stake in Microsoft by 1.2% during the second quarter. Janus Henderson Group PLC now owns 48,317,706 shares of the software giant’s stock worth $4,764,670,000 after purchasing an additional 592,272 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Microsoft by 3.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant’s stock worth $2,696,444,000 after purchasing an additional 1,148,178 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Microsoft by 12.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 31,168,526 shares of the software giant’s stock worth $3,073,529,000 after purchasing an additional 3,328,581 shares during the period. 72.44% of the stock is currently owned by institutional investors.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

Read More: Market Capitalization and Individual Investors

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Analyst Recommendations for Microsoft (NASDAQ:MSFT)

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