In yesterday’s Wall Street session, Microsoft Corporation (NASDAQ:MSFT) shares traded at $413.52, down -0.39% from the previous session.
MSFT stock price is now -0.70% away from the 50-day moving average and 9.12% away from the 200-day moving average. The market capitalization of the company currently stands at $3073.41B.
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With the price target enhanced from $460 to $480, Wells Fargo maintained Overweight rating for Microsoft Corporation (NASDAQ: MSFT). On April 12, 2024, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $455 to quote $465, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Althoff Judson, EVP, Chief Commercial Officer sold 25,000 shares of the company’s stock on May 23 ’24. The stock was sold for $10,641,950 at an average price of $425.68. Upon completion of the transaction, the EVP, Chief Commercial Officer now directly owns 104,949 shares in the company, valued at $43.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, EVP, Chief Human Resources Off Hogan Kathleen T sold 21,955 shares of the business’s stock. A total of $8,869,076 was realized by selling the stock at an average price of $403.96. This leaves the insider owning 159,764 shares of the company worth $66.07 million. A total of 1.47% of the company’s stock is owned by insiders.
During the past 12 months, Microsoft Corporation has had a low of $309.45 and a high of $433.60. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.24, and a quick ratio of 1.23. According to the stock market information, the enterprise value for the company is $3111588986880, which is based on a 35.83 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for MSFT is $416.131 and a two-hundred day moving average price translates $379.4301 for the stock.
The latest earnings results from Microsoft Corporation (NASDAQ: MSFT) was released for 2024-03-31. The net profit margin was 36.43% and return on equity was 38.49% for MSFT. The company reported revenue of $61.86 billion for the quarter, compared to $52.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.03 percent.
