RFG Holdings Inc. Purchases 390 Shares of Microsoft Co. (NASDAQ:MSFT)

RFG Holdings Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,049 shares of the software giant’s stock after purchasing an additional 390 shares during the quarter. Microsoft makes up approximately 0.4% of RFG Holdings Inc.’s portfolio, making the stock its 25th largest holding. RFG Holdings Inc.’s holdings in Microsoft were worth $1,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new position in Microsoft in the 4th quarter worth approximately $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management boosted its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the third quarter valued at $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the 4th quarter valued at $141,000. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent analyst reports. UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Tigress Financial upped their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Mizuho dropped their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $508.86.

Microsoft Trading Down 0.9 %

Shares of MSFT opened at $375.39 on Tuesday. The stock has a market capitalization of $2.79 trillion, a P/E ratio of 30.22, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $404.45 and a two-hundred day simple moving average of $418.77.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter last year, the company earned $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is presently 26.73%.

About Microsoft

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.