Cypress Point Wealth Management LLC Has $1.10 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Cypress Point Wealth Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 13.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,917 shares of the software giant’s stock after buying an additional 336 shares during the period. Cypress Point Wealth Management LLC’s holdings in Microsoft were worth $1,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Red Door Wealth Management LLC increased its stake in shares of Microsoft by 3.8% in the fourth quarter. Red Door Wealth Management LLC now owns 47,163 shares of the software giant’s stock valued at $17,735,000 after buying an additional 1,713 shares during the period. Aprio Wealth Management LLC boosted its position in shares of Microsoft by 8.4% during the 4th quarter. Aprio Wealth Management LLC now owns 14,264 shares of the software giant’s stock valued at $5,364,000 after purchasing an additional 1,106 shares in the last quarter. Dash Acquisitions Inc. boosted its position in shares of Microsoft by 0.6% during the 4th quarter. Dash Acquisitions Inc. now owns 71,703 shares of the software giant’s stock valued at $27,446,000 after purchasing an additional 462 shares in the last quarter. Sage Financial Management Group Inc. boosted its position in shares of Microsoft by 37.6% during the 4th quarter. Sage Financial Management Group Inc. now owns 2,194 shares of the software giant’s stock valued at $825,000 after purchasing an additional 599 shares in the last quarter. Finally, First PREMIER Bank boosted its position in shares of Microsoft by 0.6% during the 4th quarter. First PREMIER Bank now owns 22,535 shares of the software giant’s stock valued at $8,474,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several research analyst reports. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price on the stock in a research report on Thursday, January 18th. Wedbush upped their target price on Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Piper Sandler reiterated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a report on Thursday, January 25th. Raymond James increased their price target on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Company increased their price target on Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $425.52.

Microsoft Stock Performance

Shares of MSFT opened at $425.52 on Friday. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The stock’s fifty day moving average price is $413.32 and its two-hundred day moving average price is $378.31. The firm has a market cap of $3.16 trillion, a PE ratio of 38.47, a PEG ratio of 2.23 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The business had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.32 EPS. On average, equities research analysts forecast that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

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

Insider Buying and Selling

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value 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 approximately $64,538,265.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Company insiders own 0.03% of the company’s stock.

Microsoft 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.