RFG Holdings Inc. Has $1.29 Million Stake in Microsoft Co. (NASDAQ:MSFT)

RFG Holdings Inc. boosted its position in Microsoft Co. (NASDAQ:MSFT) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,049 shares of the software giant’s stock after purchasing an additional 390 shares during the period. Microsoft accounts for about 0.4% of RFG Holdings Inc.’s portfolio, making the stock its 25th biggest holding. RFG Holdings Inc.’s holdings in Microsoft were worth $1,288,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC lifted its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management grew its position in shares of 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 buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the third quarter worth about $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft in the fourth quarter worth approximately $141,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent analyst reports. Scotiabank initiated coverage on shares of Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Finally, Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $508.86.

Microsoft Trading Down 0.9 %

NASDAQ MSFT opened at $375.39 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm 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. The business has a fifty day simple moving average of $404.45 and a 200 day simple moving average of $418.77. Microsoft Co. has a 12 month low of $367.24 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 EPS. On average, analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th 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 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is 26.73%.

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.