Cypress Wealth Services LLC Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Cypress Wealth Services LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,931 shares of the software giant’s stock after selling 2,322 shares during the period. Cypress Wealth Services LLC’s holdings in Microsoft were worth $3,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Centaurus Financial Inc. grew its stake in shares of Microsoft by 21.1% in the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after buying an additional 561 shares in the last quarter. Bath Savings Trust Co grew its stake in shares of Microsoft by 15.1% in the 2nd quarter. Bath Savings Trust Co now owns 56,425 shares of the software giant’s stock worth $7,558,000 after buying an additional 7,382 shares in the last quarter. Cacti Asset Management LLC grew its stake in shares of Microsoft by 2.1% in the 2nd quarter. Cacti Asset Management LLC now owns 43,250 shares of the software giant’s stock worth $5,802,000 after buying an additional 875 shares in the last quarter. Cox Capital Mgt LLC grew its stake in shares of Microsoft by 2.6% in the 2nd quarter. Cox Capital Mgt LLC now owns 29,823 shares of the software giant’s stock worth $3,995,000 after buying an additional 766 shares in the last quarter. Finally, Dorsey Wright & Associates grew its stake in shares of Microsoft by 9.7% in the 2nd quarter. Dorsey Wright & Associates now owns 4,154 shares of the software giant’s stock worth $556,000 after buying an additional 366 shares in the last quarter. 72.19% of the stock is owned by institutional investors.

In related news, CFO Amy Hood sold 123,769 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the completion of the sale, the chief financial officer now owns 433,940 shares in the company, valued at approximately $59,562,604.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $135.25, for a total transaction of $5,410,000.00. Following the sale, the executive vice president now owns 198,042 shares of the company’s stock, valued at approximately $26,785,180.50. The disclosure for this sale can be found here. Insiders sold a total of 318,757 shares of company stock valued at $43,735,918 in the last 90 days. Company insiders own 1.38% of the company’s stock.

A number of equities analysts have commented on the stock. KeyCorp reissued a “buy” rating and issued a $155.00 price objective on shares of Microsoft in a research note on Thursday, August 29th. Royal Bank of Canada lifted their price objective on shares of Microsoft from $153.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday. Stifel Nicolaus lifted their price objective on shares of Microsoft from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. CIBC lifted their price objective on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, UBS Group set a $162.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $152.97.

Microsoft stock opened at $137.41 on Friday. The firm has a 50-day moving average price of $138.14 and a 200-day moving average price of $132.82. The firm has a market capitalization of $1,074.96 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.22. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $142.37.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The firm had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $1.13 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 5.21 earnings per share for the current fiscal year.

Microsoft announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 18th that authorizes the company to buyback $40.00 billion in shares. This buyback authorization authorizes the software giant to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 20th. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio (DPR) is 38.74%.

Microsoft 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, 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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