Bridgecreek Investment Management LLC Buys 91 Shares of Microsoft Co. (NASDAQ:MSFT)

Bridgecreek Investment Management LLC raised its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,816 shares of the software giant’s stock after acquiring an additional 91 shares during the period. Microsoft makes up about 1.0% of Bridgecreek Investment Management LLC’s portfolio, making the stock its 28th biggest holding. Bridgecreek Investment Management LLC’s holdings in Microsoft were worth $4,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares during the period. State Street Corp grew its holdings in shares of Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after acquiring an additional 1,951,554 shares in the last quarter. FMR LLC grew its holdings in shares of Microsoft by 0.8% in the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after acquiring an additional 1,537,712 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after purchasing an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after purchasing an additional 150,053,637 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MSFT. Wedbush reaffirmed an “outperform” rating and issued a $450.00 price target on shares of Microsoft in a report on Monday, January 29th. Raymond James raised their price target on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Rosenblatt Securities raised their price target on Microsoft from $370.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Piper Sandler reaffirmed an “overweight” rating and set a $455.00 price objective on shares of Microsoft in a research note on Thursday, January 25th. Finally, Wells Fargo & Company raised their price objective on Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $411.06.

Read Our Latest Report on MSFT

Microsoft Stock Performance

Microsoft stock opened at $405.49 on Wednesday. The company has a market capitalization of $3.01 trillion, a PE ratio of 36.66, a P/E/G ratio of 2.19 and a beta of 0.90. The company has a 50 day moving average price of $383.06 and a 200-day moving average price of $352.79. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. Microsoft Co. has a fifty-two week low of $245.61 and a fifty-two week high of $415.32.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period last year, the company posted $2.32 earnings per share. Microsoft’s revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 11.6 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. Microsoft’s dividend payout ratio is presently 27.12%.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Insiders sold 72,984 shares of company stock worth $28,978,803 over the last three months. Company insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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