Microsoft (NASDAQ:MSFT) Now Covered by Analysts at Westpark Capital

Research analysts at Westpark Capital began coverage on shares of Microsoft (NASDAQ:MSFT) in a research report issued on Tuesday,Benzinga reports. The brokerage set a “hold” rating on the software giant’s stock.

Several other research analysts have also recently weighed in on MSFT. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Morgan Stanley lowered their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. UBS Group reduced their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus lowered their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their target price for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $508.86.

Microsoft Stock Down 0.9 %

MSFT stock opened at $375.39 on Tuesday. Microsoft has a 1-year low of $367.24 and a 1-year high of $468.35. The business’s 50 day simple moving average is $404.45 and its 200 day simple moving average is $418.77. 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 firm has a market capitalization of $2.79 trillion, a PE ratio of 30.22, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the company earned $2.93 EPS. As a group, research analysts anticipate that Microsoft will post 13.08 EPS for the current year.

Institutional Trading of Microsoft

Hedge funds have recently made changes to their positions in the company. Net Worth Advisory Group acquired a new position in shares of Microsoft during the third quarter worth $2,645,000. Adamsbrown Wealth Consultants LLC raised its position in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter. Oak Ridge Investments LLC grew its position in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares during the last quarter. Focus Financial Network Inc. grew its position in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management acquired a new stake in shares of Microsoft in the third quarter valued at about $3,314,000. 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.