Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Bancreek Capital Management LP

Posted by Defense World Staff on Jun 2nd, 2023

Bancreek Capital Management LP raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,079 shares of the software giant’s stock after purchasing an additional 1,428 shares during the period. Microsoft accounts for 4.3% of Bancreek Capital Management LP’s portfolio, making the stock its 12th largest position. Bancreek Capital Management LP’s holdings in Microsoft were worth $5,295,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Semus Wealth Partners LLC purchased a new position in shares of Microsoft in the fourth quarter valued at $2,299,000. Herr Investment Group LLC purchased a new position in shares of Microsoft in the fourth quarter valued at $5,883,000. Richwood Investment Advisors LLC boosted its stake in shares of Microsoft by 15.1% in the fourth quarter. Richwood Investment Advisors LLC now owns 3,040 shares of the software giant’s stock valued at $729,000 after purchasing an additional 399 shares during the period. Wesleyan Assurance Society raised its holdings in Microsoft by 2.9% in the fourth quarter. Wesleyan Assurance Society now owns 236,150 shares of the software giant’s stock valued at $56,633,000 after acquiring an additional 6,700 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Microsoft by 17.8% in the fourth quarter. Nordea Investment Management AB now owns 13,763,937 shares of the software giant’s stock valued at $3,276,368,000 after acquiring an additional 2,077,795 shares in the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Microsoft from $340.00 to $380.00 in a report on Tuesday. BMO Capital Markets raised shares of Microsoft from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $325.00 to $347.00 in a report on Wednesday, April 26th. Morgan Stanley increased their target price on shares of Microsoft from $307.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Bank of America increased their target price on shares of Microsoft from $320.00 to $340.00 in a report on Wednesday, April 26th. Finally, Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $260.00 to $325.00 in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $329.01.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $308.70, for a total value of $1,543,500.00. Following the sale, the chief marketing officer now directly owns 105,206 shares of the company’s stock, valued at $32,477,092.20. The disclosure for this sale can be found here. Insiders have sold 50,081 shares of company stock worth $15,448,816 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.3 %

Shares of Microsoft stock opened at $332.58 on Friday. The company’s fifty day simple moving average is $300.91 and its 200-day simple moving average is $267.26. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.94 and a beta of 0.93. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $335.94.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. Microsoft’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $2.22 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.82%. Microsoft’s dividend payout ratio is currently 29.47%.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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