Cypress Funds LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 289,000 shares of the software giant’s stock, valued at approximately $28,498,000. Microsoft comprises about 4.5% of Cypress Funds LLC’s portfolio, making the stock its 12th largest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Microsoft by 1.3% during the first quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock worth $45,621,287,000 after purchasing an additional 6,488,089 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Microsoft by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 20,956,647 shares of the software giant’s stock worth $1,912,713,000 after purchasing an additional 1,473,682 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Microsoft by 4.1% during the second quarter. Fisher Asset Management LLC now owns 18,324,544 shares of the software giant’s stock worth $1,806,983,000 after purchasing an additional 726,904 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Microsoft by 2.1% during the first quarter. Principal Financial Group Inc. now owns 16,594,679 shares of the software giant’s stock worth $1,514,597,000 after purchasing an additional 338,571 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Microsoft by 4.2% during the second quarter. Bank of Montreal Can now owns 16,046,059 shares of the software giant’s stock worth $1,582,301,000 after purchasing an additional 640,977 shares in the last quarter. Hedge funds and other institutional investors own 71.85% of the company’s stock.
A number of research analysts have commented on MSFT shares. Barclays upped their price target on Microsoft from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Oppenheimer set a $127.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Monday, October 1st. Credit Suisse Group set a $125.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Wells Fargo & Co reiterated a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a research note on Thursday, September 27th. Finally, Nomura set a $115.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Microsoft has an average rating of “Buy” and an average target price of $121.88.
NASDAQ:MSFT opened at $109.57 on Friday. The firm has a market capitalization of $829.42 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92. Microsoft Co. has a 12 month low of $80.70 and a 12 month high of $116.18.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, beating the consensus estimate of $0.96 by $0.18. The firm had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. Microsoft’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. Analysts predict that Microsoft Co. will post 4.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.68%. The ex-dividend date is Wednesday, November 14th. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio is 43.30%.
In related news, EVP Kathleen T. Hogan sold 40,000 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total value of $4,452,400.00. Following the transaction, the executive vice president now owns 339,972 shares of the company’s stock, valued at $37,842,283.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 203,418 shares of the stock in a transaction on Friday, October 26th. The shares were sold at an average price of $106.68, for a total value of $21,700,632.24. Following the completion of the transaction, the chief executive officer now directly owns 1,014,247 shares in the company, valued at approximately $108,199,869.96. The disclosure for this sale can be found here. Insiders sold 479,080 shares of company stock worth $52,100,893 in the last three months. 1.49% of the stock is currently owned by corporate insiders.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's 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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