RHS Financial LLC Raises Holdings in Microsoft Corporation (NASDAQ:MSFT)

RHS Financial LLC grew its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 55.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,073 shares of the software giant’s stock after purchasing an additional 1,450 shares during the quarter. RHS Financial LLC’s holdings in Microsoft were worth $1,529,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MSFT. Norges Bank purchased a new position in shares of Microsoft during the fourth quarter worth about $44,343,058,000. GAMMA Investing LLC grew its holdings in shares of Microsoft by 40,290.4% during the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock worth $17,528,950,000 after buying an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Microsoft by 34,643.3% during 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 buying an additional 16,788,816 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after buying an additional 10,431,988 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MSFT. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the company an “outperform” rating in a research report on Wednesday, May 21st. UBS Group restated a “positive” rating on shares of Microsoft in a research report on Monday, June 30th. BMO Capital Markets raised their price objective on shares of Microsoft from $485.00 to $550.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Bank of America raised their price objective on shares of Microsoft from $515.00 to $585.00 and gave the company a “buy” rating in a research report on Friday. Finally, KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Four 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $541.79.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were 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 trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.3%

Shares of Microsoft stock opened at $510.05 on Friday. The company has a fifty day moving average price of $477.78 and a 200 day moving average price of $428.54. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $514.64. The stock has a market cap of $3.79 trillion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the firm earned $2.94 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 25.66%.

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.