Westpark Capital Begins Coverage on Microsoft (NASDAQ:MSFT)

Equities researchers at Westpark Capital assumed coverage on shares of Microsoft (NASDAQ:MSFT) in a report released on Tuesday,Benzinga reports. The firm set a “hold” rating on the software giant’s stock.

Other research analysts have also issued reports about the stock. Loop Capital increased their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Piper Sandler reissued an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Mizuho cut their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $508.86.

Microsoft Stock Performance

Shares of Microsoft stock opened at $375.39 on Tuesday. The business has a 50-day moving average price of $404.45 and a two-hundred day moving average price of $418.77. Microsoft has a 1-year low of $367.24 and a 1-year high of $468.35. 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 company has a market cap of $2.79 trillion, a P/E ratio of 30.22, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 quarter in the previous year, the company earned $2.93 earnings per share. As a group, analysts anticipate that Microsoft will post 13.08 EPS for the current year.

Hedge Funds Weigh In On Microsoft

Several institutional investors and hedge funds have recently bought and sold shares of the company. BCK Partners Inc. grew its stake in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after acquiring an additional 24 shares during the period. Muirfield Wealth Advisors LLC increased its stake in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC raised its position in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC lifted its stake in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC lifted its stake in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after buying an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

About Microsoft

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.