AMI Investment Management reduced its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 4.0% in the third quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The fund now owns 24,390 shares of the software giant’s stock after selling 1,028 shares during the period. Microsoft makes up 3.5% of his AMI Investment Management Inc. investment portfolio, making the stock his sixth-largest holding. AMI Investment Management Inc.’s Microsoft stock was valued at $7,701,000 as of its latest filing with the Securities and Exchange Commission.
Several other large investors have also recently changed their holdings in MSFT. Moneta Group Investment Advisors LLC increased his stake in shares of Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 105,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the last quarter. Norges Bank bought a new stake in his Microsoft stock during the 4th quarter valued at approximately $20,700,525,000. Aaron Wealth Advisors LLC increased his stake in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Morgan Stanley increased its holdings in shares of Microsoft by 14.0% in the 4th quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after purchasing an additional 14,652,150 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Microsoft by 348.6% in the 2nd quarter. Osaic Holdings Inc. now owns 11,998,927 shares of the software giant’s stock worth $894,426,000 after purchasing an additional 9,324,182 shares during the period. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Insider buying and selling at Microsoft
In other Microsoft news, majority shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total sale of $1,950,000. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available through this hyperlink. In other Microsoft news, majority shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available through this hyperlink. Also, Vice President Kathleen T. Hogan sold 24,681 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the closing, the executive vice president will now own 183,761 shares of the company’s stock, valued at approximately $67,807,809. Disclosures regarding this sale can be found here. Insiders sold 1,072,984 shares of company stock worth $30,928,803 in the past quarter. 0.03% of the stock is currently owned by company insiders.
Microsoft price performance
NASDAQ:MSFT stock opened Friday at $413.64. The stock has a market capitalization of $3.07 trillion, a P/E ratio of 37.40x, a PEG ratio of 2.17x, and a beta of 0.90x. The company’s 50 day moving average is $395.52 and its 200 day moving average is $361.63. Microsoft’s 52-week low is $245.61 and 52-week high is $420.82. The company has a quick ratio of 1.20, a current ratio of 1.22, and a debt-to-equity ratio of 0.19.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported earnings per share (EPS) of $2.93 for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net profit margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion for the quarter, compared to analyst expectations of $61.14 billion. In the same period last year, the company’s earnings per share were $2.32. The company’s revenue for the quarter increased 17.6% compared to the same period last year. Research analysts expect Microsoft to report earnings per share of $11.63 for the current fiscal year.
Analyst sets new price target
Several research analysts have recently commented on the stock. Barclays increased their target price on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Argus upped their target price on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Mizuho increased their target price on shares of Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Raymond James increased their target price on shares of Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets increased their target price on shares of Microsoft from $420.00 to $455.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. 4 analysts have rated the stock with a hold rating and 36 have given a buy rating to the company. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.06, based on data from MarketBeat.com.
Check out our latest analysis for Microsoft
Microsoft company profile
(Free report)
Microsoft Corporation develops and supports software, services, devices, and solutions around the world. Productivity and Business Processes delivers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft viva, and Microsoft 365 Copilot. Office consumer services such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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