Microsoft (NASDAQ:MSFT) Price Target Raised to $595.00 at Tigress Financial

Microsoft (NASDAQ:MSFT) had its price target upped by Tigress Financial from $550.00 to $595.00 in a research note released on Thursday,Benzinga reports. Tigress Financial currently has a buy rating on the software giant’s stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Stock Performance

Microsoft stock opened at $391.26 on Thursday. Microsoft has a 12 month low of $376.91 and a 12 month high of $468.35. The stock’s 50-day moving average is $408.82 and its 200-day moving average is $419.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $2.91 trillion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth 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 return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the firm earned $2.93 EPS. Equities analysts anticipate that Microsoft will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft in the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at about $38,000. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC boosted its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the period. Finally, LSV Asset Management purchased a new stake in shares of Microsoft during the fourth quarter worth $44,000. Institutional investors and hedge funds 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.