Stock Analysis:Microsoft Corporation (NASDAQ:MSFT) Price Target Change
In a comprehensive report revealed to clients by Nomura on 9 December, Microsoft Corporation (NASDAQ:MSFT) had its target price per share hiked to $65.00. The firm now has a solid “Buy” rating on shares.
From a total of 31 analysts covering Microsoft Corporation (NASDAQ:MSFT) stock, 20 rate it a ”Buy”, 4 a “Sell”, and 10 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is $65 while the lowest target price is $39. The mean of all analyst targets is $56.16 with a -5.30% below today’s ($54.69) stock price. Microsoft Corporation was the topic of 29 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Raymond James upgraded shares on November 30 to “Strong Buy” rating. RBC Capital Markets maintained shares with “Outperform” rating and $57 target share price in a report from an October 23. Piper Jaffray maintained MSFT stock in a recent report from November 10 with “Overweight” rating. Stifel Nicolaus maintained the rating on October 23. Stifel Nicolaus has a “Buy” rating and a $58.0 price target on shares. Finally, Bank of America upgraded the stock to “Buy” rating in a report issued on an October 23.
Approximately 25.74 million shares of stock traded hands. Microsoft Corporation (NASDAQ:MSFT) has risen 20.55% since May 6, 2015 and is uptrending. It has outperformed by 21.34% the S&P500.
The overall sentiment of institutions has increased to 1.08 in Q2 2015. Its up 0.32, from 0.76 in 2015Q2. The ratio improved, as 69 institutions have sold all the shares of Microsoft Corporation that they owned while 801 funds have taken shares off the table. 93 funds have purchased shares for the first time while 843 added to their positions. These institutions now hold 5.20 billion shares or 8.27% less than the 5.67 billion shares they owned in 2015Q2.
The Fund Cook & Bynum Capital Management Llc currently is holding shares equating to 25.5% of its total portfolio in Microsoft Corporation representing a total of 717,081 shares. Another fund,Rwwm Inc., is holding a total of 895,414 shares equating to 19.69% of their holdings. Additionally, Valueact Holdings L.P. has a 75.27 million share stake in Microsoft Corporation which represents 19.37% of their total portfolio. The Fund, Smithwood Advisers L.P., based out of California, has also built up a stake in the stock, which represents a total of 17.28% of their total portfolio. Finally Deccan Value Investors L.P., a fund which is based in the state of Connecticut reported a total holdings of 2.26 million shares.
Insider activity is a very important aspect to track on any stock. Going back to April 28, 2015, shareholders of Microsoft Corporation have witnessed 0 insider purchases, and a total of 4 sales equating to a net activity of approximately $370.34 million . Gates William H Iii sold 4.00 million shares worth approximately $185.75 million. Turner Brian Kevin sold 69,158 shares worth approximately $3.16 million. Capossela Christopher C sold 4,485 shares worth approximately $218,464. Brod Frank H sold 4,500 shares worth approximately $215,294.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software services and products. The company has a market cap of $445.24 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 36.75 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.
According to Zacks Investment Research, “Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company operates in five segments: Windows & Windows Live Division, Server and Tools, Online Services Division, Microsoft Business Division, and Entertainment and Devices Division. Its products include operating systems for personal computers, servers, phones; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games, and online advertising. It also designs and sells hardware, including the Xbox 360 gaming and entertainment console, Kinect for Xbox 360, Xbox 360 accessories, and Microsoft PC hardware products. Microsoft Corporation is based in Redmond, Washington.” Get a free copy of the Zacks research report on Microsoft Corporation (MSFT).