AMI Investment Management Inc. Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

AMI Investment Management Inc. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) 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 makes up approximately 3.0% of AMI Investment Management Inc.'s holdings, making the stock its 8th largest position. AMI Investment Management Inc.'s holdings in Microsoft were worth $9,360,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after buying an additional 25 shares during the last quarter. Quarry LP bought a new position in Microsoft during the second quarter valued at about $45,000. IFS Advisors LLC raised its holdings in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management raised its holdings in Microsoft by 144.4% in the 4th 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. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the 3rd quarter worth approximately $62,000. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on MSFT. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Loop Capital increased 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. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $510.96.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft 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. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Down 1.0 %

Shares of Microsoft stock traded down $4.13 during trading hours on Thursday, hitting $396.89. The company's stock had a trading volume of 23,268,830 shares, compared to its average volume of 23,118,146. Microsoft Co. has a 12 month low of $381.00 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market capitalization of $2.95 trillion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The stock has a 50 day moving average of $417.97 and a 200 day moving average of $422.24.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 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 quarter in the prior year, the company posted $2.93 EPS. Analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Company 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.