BancFirst Trust & Investment Management Decreases Stock Position in Microsoft Co. (NASDAQ:MSFT)

BancFirst Trust & Investment Management trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,073 shares of the software giant’s stock after selling 235 shares during the quarter. Microsoft accounts for approximately 0.4% of BancFirst Trust & Investment Management’s investment portfolio, making the stock its 17th largest position. BancFirst Trust & Investment Management’s holdings in Microsoft were worth $881,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Penney Financial LLC grew its stake in shares of Microsoft by 6.7% during the third quarter. Penney Financial LLC now owns 1,696 shares of the software giant’s stock valued at $730,000 after buying an additional 107 shares during the last quarter. SK Wealth Management LLC bought a new position in Microsoft in the 3rd quarter valued at $2,024,000. Brass Tax Wealth Management Inc. increased its stake in Microsoft by 2.6% in the third quarter. Brass Tax Wealth Management Inc. now owns 9,819 shares of the software giant’s stock worth $4,225,000 after purchasing an additional 249 shares during the period. Legacy Wealth Management LLC MS lifted its position in shares of Microsoft by 4.5% during the third quarter. Legacy Wealth Management LLC MS now owns 44,895 shares of the software giant’s stock worth $19,318,000 after purchasing an additional 1,933 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda purchased a new stake in shares of Microsoft during the third quarter valued at $6,153,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Wedbush restated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. UBS Group lowered their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, TD Cowen cut their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,000 shares of company stock worth $14,333,540. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Shares of MSFT stock opened at $408.43 on Friday. The firm has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock’s 50-day simple moving average is $428.76 and its 200-day simple moving average is $422.94. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $2.93 EPS. As a group, equities analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio is currently 26.73%.

Microsoft Company Profile

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.