AMI Investment Management Inc. Has $9.36 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

AMI Investment Management Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,206 shares of the software giant’s stock after purchasing an additional 1,007 shares during the period. Microsoft accounts for approximately 3.0% of AMI Investment Management Inc.’s holdings, making the stock its 8th biggest holding. AMI Investment Management Inc.’s holdings in Microsoft were worth $9,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc increased its position in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Quarry LP bought a new stake in shares of Microsoft in the 2nd quarter worth about $45,000. Avondale Wealth Management increased its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the 3rd quarter worth about $62,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 3.2 %

MSFT stock opened at $401.02 on Thursday. Microsoft Co. has a 52 week low of $381.00 and a 52 week high of $468.35. The company has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The firm’s 50-day moving average is $417.97 and its two-hundred day moving average is $422.24. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 in the prior year, the business posted $2.93 EPS. On average, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group decreased their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. DA Davidson reaffirmed a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft 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.