AMI Investment Management Inc. Raises Stake in Microsoft Co. (NASDAQ:MSFT)

AMI Investment Management Inc. lifted its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,132 shares of the software giant’s stock after acquiring an additional 81 shares during the period. Microsoft makes up approximately 3.1% of AMI Investment Management Inc.’s portfolio, making the stock its 8th largest position. AMI Investment Management Inc.’s holdings in Microsoft were worth $7,132,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after purchasing an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC lifted its stake in Microsoft by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after acquiring an additional 3,027,306 shares during the period. Norges Bank purchased a new stake in shares of Microsoft during the 4th quarter valued at about $24,401,940,000. Nuveen Asset Management LLC grew its stake in shares of Microsoft by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after acquiring an additional 584,273 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Microsoft by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after purchasing an additional 652,526 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Credit Suisse Group set a $400.00 target price on shares of Microsoft in a research report on Tuesday, July 26th. Barclays reduced their price objective on Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research report on Friday, June 10th. Wedbush cut their price target on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Fundamental Research reiterated a “hold” rating and issued a $280.50 price objective on shares of Microsoft in a research note on Wednesday, August 3rd. Finally, Citigroup dropped their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.

Microsoft Trading Down 1.1 %

MSFT opened at $253.25 on Wednesday. The stock has a 50-day moving average of $270.44 and a 200 day moving average of $277.26. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The firm has a market cap of $1.89 trillion, a P/E ratio of 26.27, a P/E/G ratio of 2.16 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the company earned $2.17 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.98%. Microsoft’s payout ratio is 25.73%.

Microsoft Company Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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