Microsoft Co. (NASDAQ:MSFT) is Amica Mutual Insurance Co.’s 2nd Largest Position

Amica Mutual Insurance Co. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,390 shares of the software giant’s stock after selling 6,664 shares during the period. Microsoft accounts for 5.6% of Amica Mutual Insurance Co.’s portfolio, making the stock its 2nd largest holding. Amica Mutual Insurance Co.’s holdings in Microsoft were worth $54,959,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the 4th quarter valued at approximately $38,000. IFS Advisors LLC boosted its position in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management grew its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Fairway Wealth LLC bought a new stake in Microsoft in the 4th quarter valued at $62,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Microsoft in the 4th quarter worth $120,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Securities raised their price objective on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased their price target on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Royal Bank of Canada restated an “outperform” rating and set a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. The Goldman Sachs Group upped their price objective on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $513.13.

Microsoft Trading Up 0.3%

MSFT opened at $461.97 on Tuesday. 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 moving average price is $410.44 and its 200-day moving average price is $415.29. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The stock has a market cap of $3.43 trillion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 EPS. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is presently 25.66%.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,743 shares of company stock valued at $58,835,683 in the last 90 days. Company insiders own 0.03% of the company’s stock.

About Microsoft

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.