Microsoft Co. (NASDAQ:MSFT) Shares Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,861 shares of the software giant’s stock after purchasing an additional 188 shares during the quarter. Microsoft comprises approximately 0.9% of Cypress Wealth Services LLC’s investment portfolio, making the stock its 24th biggest position. Cypress Wealth Services LLC’s holdings in Microsoft were worth $3,708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the 1st quarter valued at approximately $28,000. Atlantic Private Wealth LLC increased its holdings in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after purchasing an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new stake in Microsoft in the second quarter valued at approximately $601,000. Hibernia Wealth Partners LLC acquired a new position in Microsoft during the third quarter worth $69,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 0.1 %

Shares of MSFT stock opened at $421.43 on Thursday. The business’s fifty day moving average price is $409.64 and its 200 day moving average price is $373.65. The firm has a market capitalization of $3.13 trillion, a PE ratio of 38.10, a P/E/G ratio of 2.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. Microsoft Co. has a 1-year low of $272.05 and a 1-year high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is 27.12%.

Analysts Set New Price Targets

Several research firms recently issued reports on MSFT. Piper Sandler reissued an “overweight” rating and set a $455.00 target price on shares of Microsoft in a research note on Thursday, January 25th. Wells Fargo & Company raised their price objective on shares of Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price on the stock in a research note on Thursday, January 18th. BMO Capital Markets increased their target price on shares of Microsoft from $420.00 to $455.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, China Renaissance began coverage on shares of Microsoft in a research note on Tuesday, December 5th. They issued a “buy” rating and a $466.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $423.34.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock worth $30,690,456 in the last ninety days. Insiders own 0.03% 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.