RFG Holdings Inc. Buys 553 Shares of Microsoft Corporation (NASDAQ:MSFT)

RFG Holdings Inc. grew its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 18.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,602 shares of the software giant's stock after buying an additional 553 shares during the period. Microsoft makes up about 0.4% of RFG Holdings Inc.'s holdings, making the stock its 21st biggest holding. RFG Holdings Inc.'s holdings in Microsoft were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adamsbrown Wealth Consultants LLC increased its position in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter. Mcdaniel Terry & Co. raised its holdings in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC increased its holdings in shares of Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares in the last quarter. Strategic Financial Services Inc. boosted its position in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its position in Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 0.6%

NASDAQ MSFT traded up $2.80 during mid-day trading on Tuesday, hitting $505.82. The company's stock had a trading volume of 14,877,504 shares, compared to its average volume of 21,608,541. The firm has a market capitalization of $3.76 trillion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The stock's fifty day simple moving average is $471.98 and its two-hundred day simple moving average is $426.18. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $508.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate 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 net margin of 35.79% and a return on equity of 32.74%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.94 earnings per share. Research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MSFT shares. Tigress Financial increased their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Cantor Fitzgerald lifted their price objective on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price objective on Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and an average target price of $534.14.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. Corporate 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.