Cypress Capital Group boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,957 shares of the software giant’s stock after purchasing an additional 7,537 shares during the quarter. Microsoft accounts for approximately 1.6% of Cypress Capital Group’s holdings, making the stock its 13th biggest position. Cypress Capital Group’s holdings in Microsoft were worth $7,572,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. raised its stake in Microsoft by 40.2% during the 1st quarter. Osterweis Capital Management Inc. now owns 427,300 shares of the software giant’s stock valued at $39,000,000 after purchasing an additional 122,615 shares during the last quarter. Skye Global Management LP raised its stake in Microsoft by 174.8% during the 1st quarter. Skye Global Management LP now owns 1,998,900 shares of the software giant’s stock valued at $182,440,000 after purchasing an additional 1,271,400 shares during the last quarter. HC Financial Advisors Inc. acquired a new position in Microsoft during the 4th quarter valued at $2,206,000. FCG Advisors LLC raised its stake in Microsoft by 19.6% during the 1st quarter. FCG Advisors LLC now owns 25,098 shares of the software giant’s stock valued at $2,291,000 after purchasing an additional 4,111 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Microsoft by 4.1% during the 1st quarter. American Century Companies Inc. now owns 14,905,083 shares of the software giant’s stock valued at $1,360,387,000 after purchasing an additional 590,793 shares during the last quarter. Hedge funds and other institutional investors own 71.87% of the company’s stock.
MSFT opened at $112.91 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90. Microsoft Co. has a twelve month low of $72.92 and a twelve month high of $113.72. The stock has a market capitalization of $856.52 billion, a PE ratio of 29.10, a PEG ratio of 2.13 and a beta of 1.26.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.23 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. analysts expect that Microsoft Co. will post 4.25 earnings per share for the current year.
In other news, insider Jean Philippe Courtois sold 28,939 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $110.00, for a total value of $3,183,290.00. Following the sale, the insider now owns 500,782 shares of the company’s stock, valued at approximately $55,086,020. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the completion of the sale, the chief marketing officer now directly owns 190,570 shares in the company, valued at approximately $20,814,055.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,042 shares of company stock worth $71,264,850. 1.49% of the stock is owned by insiders.
Several equities analysts recently commented on the stock. BidaskClub cut shares of Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Stifel Nicolaus upped their target price on shares of Microsoft from $107.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Sanford C. Bernstein set a $135.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. Bank of America increased their price objective on shares of Microsoft from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Finally, Wells Fargo & Co set a $120.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $119.49.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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