AMI Investment Management Inc. Has $10.30 Million Position in Microsoft Co. (NASDAQ:MSFT)

AMI Investment Management Inc. decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,491 shares of the software giant’s stock after selling 224 shares during the period. Microsoft comprises about 3.7% of AMI Investment Management Inc.’s portfolio, making the stock its 5th largest holding. AMI Investment Management Inc.’s holdings in Microsoft were worth $10,304,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MSFT. Friedenthal Financial acquired a new position in shares of Microsoft during the fourth quarter valued at $45,000. Neo Ivy Capital Management acquired a new position in shares of Microsoft during the fourth quarter valued at $58,000. Richardson Capital Management LLC boosted its holdings in shares of Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after acquiring an additional 129 shares during the period. PayPay Securities Corp boosted its holdings in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the period. Finally, Cooksen Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter valued at $86,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, May 22nd. Macquarie upped their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Tigress Financial upped their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. KeyCorp assumed coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Finally, Citigroup upped their price objective on shares of Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $469.86.

Read Our Latest Stock Analysis on MSFT

Microsoft Price Performance

NASDAQ MSFT opened at $466.25 on Thursday. The company has a 50 day simple moving average of $433.86 and a 200-day simple moving average of $414.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The firm has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 earnings per share. Equities research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is presently 25.97%.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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