AMI Investment Management Inc. Sells 3,509 Shares of Microsoft Co. (NASDAQ:MSFT)

AMI Investment Management Inc. cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 20,982 shares of the software giant’s stock after selling 3,509 shares during the quarter. Microsoft makes up about 3.3% of AMI Investment Management Inc.’s holdings, making the stock its 8th largest holding. AMI Investment Management Inc.’s holdings in Microsoft were worth $9,378,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Rebalance LLC boosted its position in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after purchasing an additional 24 shares in the last quarter. Innova Wealth Partners boosted its position in shares of Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after buying an additional 25 shares during the last quarter. Arkansas Financial Group Inc. grew its holdings in Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares in the last quarter. Partnership Wealth Management LLC raised its holdings in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the last quarter. Finally, Doheny Asset Management CA lifted its position in shares of Microsoft by 0.4% during the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after buying an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 0.8 %

MSFT stock opened at $428.02 on Monday. The company’s 50 day moving average is $419.51 and its two-hundred day moving average is $425.06. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.18 trillion, a P/E ratio of 37.06, a PEG ratio of 2.30 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 EPS. Research analysts expect that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is 28.74%.

Microsoft announced that its Board of Directors has initiated a stock buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent analyst reports. Mizuho lifted their target price on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Citigroup cut their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a report on Monday, September 23rd. TD Cowen raised their price objective on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $493.94.

Insider Buying and Selling

In other news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 over the last quarter. Company insiders own 0.03% of the company’s stock.

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.