AMI Investment Management Inc. Has $8.76 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

AMI Investment Management Inc. boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 5.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 23,329 shares of the software giant’s stock after acquiring an additional 1,123 shares during the period. Microsoft accounts for 2.8% of AMI Investment Management Inc.’s portfolio, making the stock its 8th biggest position. AMI Investment Management Inc.’s holdings in Microsoft were worth $8,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Muirfield Wealth Advisors LLC boosted its stake in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after acquiring an additional 24 shares during the last quarter. Retirement Financial Solutions LLC lifted its stake in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after purchasing an additional 24 shares during the period. Sterling Group Wealth Management LLC boosted its position in shares of Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after purchasing an additional 25 shares during the last quarter. Kuhn & Co Investment Counsel grew its stake in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group increased its holdings in Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock valued at $2,368,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider owned 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 1.5%

Shares of MSFT stock opened at $498.25 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The company has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.22 and a beta of 1.04. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76. The company’s fifty day moving average price is $459.28 and its 200-day moving average price is $423.37.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the firm posted $2.94 EPS. Microsoft’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. KeyCorp restated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Evercore ISI set a $515.00 price target on shares of Microsoft and gave the stock an “outperform” rating in a research report on Wednesday, May 21st. Citigroup upped their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Cantor Fitzgerald raised their price objective on Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Piper Sandler reissued an “overweight” rating on shares of Microsoft in a research note on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $524.71.

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.