Cypress Capital Management LLC WY Purchases New Holdings in Microsoft Co. (NASDAQ:MSFT)

Cypress Capital Management LLC WY purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,533 shares of the software giant's stock, valued at approximately $1,068,000. Microsoft makes up about 1.2% of Cypress Capital Management LLC WY's investment portfolio, making the stock its 25th biggest position.

Several other hedge funds have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC increased its stake in 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 acquiring an additional 35 shares during the period. Avondale Wealth Management raised its position in Microsoft by 144.4% in 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 in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Finally, StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $510.59.

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Microsoft Trading Up 0.2 %

NASDAQ MSFT traded up $0.61 on Thursday, reaching $390.58. The company had a trading volume of 13,741,615 shares, compared to its average volume of 22,928,355. The firm has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35. The business has a 50 day moving average of $407.20 and a two-hundred day moving average of $419.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the firm earned $2.93 earnings per share. Analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 $0.83 dividend. 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 is currently 26.73%.

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.