Cypress Capital Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,298 shares of the software giant’s stock after buying an additional 3,440 shares during the period. Microsoft makes up 3.7% of Cypress Capital Management LLC’s portfolio, making the stock its biggest position. Cypress Capital Management LLC’s holdings in Microsoft were worth $24,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Guardian Investment Management raised its stake in Microsoft by 4.2% during the fourth quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock valued at $3,125,000 after buying an additional 1,240 shares in the last quarter. Navellier & Associates Inc raised its stake in Microsoft by 0.6% during the second quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock valued at $2,050,000 after buying an additional 95 shares in the last quarter. Empirical Finance LLC raised its position in shares of Microsoft by 3.5% during the 2nd quarter. Empirical Finance LLC now owns 8,707 shares of the software giant’s stock worth $1,166,000 after purchasing an additional 295 shares during the period. Legacy Financial Strategies LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $211,000. Finally, Independence Bank of Kentucky raised its position in shares of Microsoft by 0.6% during the 2nd quarter. Independence Bank of Kentucky now owns 14,960 shares of the software giant’s stock worth $2,004,000 after purchasing an additional 95 shares during the period. 72.39% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the company. Goldman Sachs Group set a $151.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. CIBC increased their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Morgan Stanley increased their price target on Microsoft from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Argus increased their price target on Microsoft to $158.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Oppenheimer increased their price objective on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $149.21.
Microsoft stock traded down $0.20 during mid-day trading on Friday, hitting $137.32. 16,358,174 shares of the company’s stock were exchanged, compared to its average volume of 22,346,984. The stock has a market cap of $1,039.03 billion, a P/E ratio of 28.91, a P/E/G ratio of 2.37 and a beta of 1.22. The stock has a 50 day moving average of $137.25 and a two-hundred day moving average of $128.50. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $141.68. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $1.13 earnings per share. As a group, research analysts predict that Microsoft Co. will post 5.22 EPS for the current fiscal year.
In related news, CFO Amy Hood sold 123,769 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the sale, the chief financial officer now directly owns 433,940 shares of the company’s stock, valued at $59,562,604.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 3,372 shares of Microsoft stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $138.06, for a total value of $465,538.32. Following the sale, the chief marketing officer now directly owns 136,623 shares in the company, valued at $18,862,171.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 318,757 shares of company stock worth $43,735,918. 1.38% of the stock is currently owned by company insiders.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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