RFP Financial Group LLC Trims Position in Microsoft Co. (NASDAQ:MSFT)

RFP Financial Group LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,524 shares of the software giant’s stock after selling 889 shares during the period. Microsoft comprises 2.7% of RFP Financial Group LLC’s holdings, making the stock its 9th biggest holding. RFP Financial Group LLC’s holdings in Microsoft were worth $6,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC lifted its position in shares of Microsoft by 112,158.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the period. Norges Bank purchased a new stake in Microsoft during the fourth quarter valued at approximately $20,700,525,000. Aaron Wealth Advisors LLC lifted its position in Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares during the last quarter. Morgan Stanley lifted its position in Microsoft by 14.0% during the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after acquiring an additional 14,652,150 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in Microsoft by 348.6% during the second quarter. Osaic Holdings Inc. now owns 11,998,927 shares of the software giant’s stock valued at $894,426,000 after acquiring an additional 9,324,182 shares during the last quarter. 69.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the completion of the transaction, the executive vice president now owns 183,761 shares in the company, valued at $67,807,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the completion of the transaction, the executive vice president now owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,984 shares of company stock worth $28,978,803. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $420.55 on Friday. Microsoft Co. has a 1-year low of $245.61 and a 1-year high of $420.82. The stock has a market cap of $3.12 trillion, a PE ratio of 38.02, a P/E/G ratio of 2.21 and a beta of 0.90. The firm has a 50-day simple moving average of $385.39 and a two-hundred day simple moving average of $354.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same period last year, the business earned $2.32 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts forecast that Microsoft Co. will post 11.6 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSFT. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a research note on Thursday, January 18th. Royal Bank of Canada increased their price objective on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. China Renaissance assumed coverage on shares of Microsoft in a research note on Tuesday, December 5th. They issued a “buy” rating and a $466.00 price objective on the stock. Citigroup increased their price objective on shares of Microsoft from $430.00 to $432.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Wells Fargo & Company increased their price objective on shares of Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $411.06.

View Our Latest Stock Report on MSFT

Microsoft Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.