Cypress Financial Planning LLC Sells 267 Shares of Microsoft Co. (NASDAQ:MSFT)

Cypress Financial Planning LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,640 shares of the software giant’s stock after selling 267 shares during the period. Microsoft makes up about 0.3% of Cypress Financial Planning LLC’s investment portfolio, making the stock its 29th largest position. Cypress Financial Planning LLC’s holdings in Microsoft were worth $733,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MSFT. Vanguard Group Inc. boosted its stake in Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after buying an additional 3,078,099 shares during the period. Norges Bank purchased a new position in Microsoft during the fourth quarter worth $35,920,047,000. Capital International Investors boosted its stake in Microsoft by 1.0% during the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after buying an additional 842,884 shares during the period. Jennison Associates LLC boosted its stake in Microsoft by 1.1% during the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after buying an additional 277,881 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Microsoft by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after buying an additional 403,409 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $423.04 on Thursday. The company has a market capitalization of $3.14 trillion, a PE ratio of 36.63, a P/E/G ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The company has a 50-day simple moving average of $424.91 and a two-hundred day simple moving average of $423.06. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. Research analysts expect that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MSFT. Tigress Financial lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. TD Cowen boosted their target price on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Mizuho boosted their target price on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Morgan Stanley lowered their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $494.72.

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.