Cypress Point Wealth Management LLC Sells 1,665 Shares of Microsoft Co. (NASDAQ:MSFT)

Cypress Point Wealth Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 51.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,543 shares of the software giant’s stock after selling 1,665 shares during the period. Cypress Point Wealth Management LLC’s holdings in Microsoft were worth $650,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the third quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the fourth quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of MSFT stock opened at $388.56 on Monday. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35. The firm has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock’s 50-day simple moving average is $412.43 and its 200-day simple moving average is $420.64.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $2.93 earnings per share. As a group, equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Analyst Ratings Changes

Several equities analysts have recently commented on MSFT shares. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Piper Sandler restated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $510.43.

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.