AMI Investment Management Inc. Buys 1,007 Shares of Microsoft Co. (NASDAQ:MSFT)

AMI Investment Management Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,206 shares of the software giant’s stock after buying an additional 1,007 shares during the quarter. Microsoft accounts for approximately 3.0% of AMI Investment Management Inc.’s portfolio, making the stock its 8th largest 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 institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Beck Bode LLC lifted its holdings in shares of Microsoft by 37.3% in the second quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock valued at $17,856,000 after purchasing an additional 10,847 shares in the last quarter. Kendall Capital Management lifted its holdings in shares of Microsoft by 5.0% in the second quarter. Kendall Capital Management now owns 2,169 shares of the software giant’s stock valued at $969,000 after purchasing an additional 103 shares in the last quarter. Finally, AllGen Financial Advisors Inc. lifted its holdings in shares of Microsoft by 0.7% in the second quarter. AllGen Financial Advisors Inc. now owns 13,942 shares of the software giant’s stock valued at $6,231,000 after purchasing an additional 92 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on MSFT shares. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Stifel Nicolaus upped their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Mizuho reduced their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $510.96.

Insider Transactions at Microsoft

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

Microsoft Price Performance

Microsoft 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 firm has a fifty day moving average of $417.97 and a 200-day moving average of $422.24. The firm has a market capitalization of $2.98 trillion, a P/E ratio of 32.29, a PEG ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $2.93 earnings per share. As a group, analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

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.