Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by AMI Investment Management Inc.

AMI Investment Management Inc. boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,329 shares of the software giant's stock after acquiring an additional 1,123 shares during the period. Microsoft accounts for about 2.8% of AMI Investment Management Inc.'s investment portfolio, making the stock its 8th largest holding. AMI Investment Management Inc.'s holdings in Microsoft were worth $8,757,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MSFT. Norges Bank purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $44,343,058,000. GAMMA Investing LLC boosted its position in shares of Microsoft by 40,290.4% in the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after purchasing an additional 46,579,693 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares during the period. Northern Trust Corp boosted its position in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded up $7.16 on Friday, hitting $498.25. The company's stock had a trading volume of 13,984,829 shares, compared to its average volume of 21,692,275. The stock's 50-day moving average is $461.41 and its two-hundred day moving average is $423.67. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $500.76. The company has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $2.94 EPS. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 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 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 in the last 90 days. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wells Fargo & Company increased their target price on shares of Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Cantor Fitzgerald increased their target price on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Mizuho increased their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $524.71.

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.