Bancreek Capital Management LP Sells 7,917 Shares of Microsoft Co. (NASDAQ:MSFT)

Bancreek Capital Management LP lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 35.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,162 shares of the software giant’s stock after selling 7,917 shares during the period. Microsoft comprises about 3.4% of Bancreek Capital Management LP’s holdings, making the stock its 18th biggest position. Bancreek Capital Management LP’s holdings in Microsoft were worth $4,083,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Monumental Financial Group Inc. purchased a new position in shares of Microsoft during the first quarter worth approximately $28,000. Gleason Group Inc. grew its stake in shares of Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after buying an additional 105 shares during the last quarter. Syverson Strege & Co grew its holdings in shares of Microsoft by 157.0% during the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after buying an additional 124 shares during the last quarter. PayPay Securities Corp purchased a new position in shares of Microsoft in the fourth quarter worth $54,000. Finally, MayTech Global Investments LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $83,000. 69.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the sale, the insider now owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

MSFT stock opened at $327.76 on Friday. The firm has a 50 day moving average of $332.89 and a 200-day moving average of $307.41. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. The firm had revenue of $56.19 billion for the quarter, compared to analysts’ expectations of $55.49 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. Microsoft’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 EPS. As a group, equities analysts expect that Microsoft Co. will post 10.9 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s dividend payout ratio is presently 28.07%.

Analysts Set New Price Targets

A number of analysts have commented on MSFT shares. Wedbush upped their target price on shares of Microsoft from $375.00 to $400.00 in a report on Wednesday, July 26th. KeyCorp upped their price target on shares of Microsoft from $340.00 to $400.00 in a research note on Tuesday, July 18th. Morgan Stanley lifted their price objective on shares of Microsoft from $335.00 to $415.00 in a research note on Thursday, July 6th. Redburn Partners dropped their price objective on Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a report on Friday, August 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Microsoft from $340.00 to $380.00 in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $373.68.

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.