Cypress Point Wealth Management LLC Buys 25 Shares of Microsoft Co. (NASDAQ:MSFT)

Cypress Point Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,208 shares of the software giant’s stock after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC’s holdings in Microsoft were worth $1,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Net Worth Advisory Group acquired a new stake in Microsoft during the third quarter worth approximately $2,645,000. Oak Ridge Investments LLC lifted its holdings in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares during the period. Jacobs & Co. CA grew its holdings in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. increased its position in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the period. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MSFT. Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Sanford C. Bernstein reduced their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, TD Cowen cut their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $511.62.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Stock Down 1.3 %

Shares of NASDAQ MSFT opened at $418.95 on Monday. The company has a 50 day simple moving average of $428.83 and a 200 day simple moving average of $427.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1 year low of $380.38 and a 1 year high of $468.35. The firm has a market cap of $3.11 trillion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter last year, the firm earned $2.99 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. Microsoft’s payout ratio is 27.39%.

Microsoft declared that its board has initiated a share buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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.