Microsoft Co. (NASDAQ:MSFT) Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,277 shares of the software giant’s stock after selling 6,505 shares during the quarter. Microsoft comprises 6.0% of AMI Asset Management Corp’s investment portfolio, making the stock its 2nd biggest holding. AMI Asset Management Corp’s holdings in Microsoft were worth $112,657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MSFT. BCK Partners Inc. boosted its stake in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in Microsoft by 0.8% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc boosted its stake in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. Sequent Asset Management LLC boosted its stake in Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC boosted its stake in Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSFT. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Stifel Nicolaus reduced their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday. DA Davidson reiterated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Mizuho cut their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.54.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction 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 owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $393.31 on Friday. The firm has a 50 day moving average of $416.40 and a 200 day moving average of $421.87. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $381.00 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted 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 period in the previous year, the firm earned $2.93 EPS. On average, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share 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.