Cypress Capital Management LLC WY Makes New $1.07 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Cypress Capital Management LLC WY acquired a new position in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, Holdings Channel.com reports. The firm acquired 2,533 shares of the software giant’s stock, valued at approximately $1,068,000. Microsoft comprises 1.2% of Cypress Capital Management LLC WY’s holdings, making the stock its 25th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% in the 3rd 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 period. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft in the 4th quarter valued at $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.1 %

NASDAQ:MSFT opened at $391.26 on Monday. The business’s fifty day moving average price is $408.82 and its 200 day moving average price is $419.74. The firm has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business earned $2.93 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business 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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Tigress Financial lifted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

About Microsoft

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.