Tributary Capital Management LLC Sells 625 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 28th, 2023

Tributary Capital Management LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,126 shares of the software giant’s stock after selling 625 shares during the quarter. Tributary Capital Management LLC’s holdings in Microsoft were worth $2,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of MSFT. Iron Horse Wealth Management LLC bought a new position in shares of Microsoft during the 4th quarter worth $26,000. Monumental Financial Group Inc. bought a new position in shares of Microsoft during the 1st quarter worth $28,000. Hanseatic Management Services Inc. grew its position in shares of Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after buying an additional 55 shares in the last quarter. Retirement Financial Solutions LLC bought a new position in shares of Microsoft during the 4th quarter worth $40,000. Finally, Macroview Investment Management LLC purchased a new stake in shares of Microsoft during the 4th quarter worth $61,000. Institutional investors own 69.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. Credit Suisse Group upped their price objective on Microsoft from $285.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday. Jefferies Financial Group upped their price objective on Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday. Atlantic Securities upped their price objective on Microsoft from $290.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday. DA Davidson upped their price objective on Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their price target on Microsoft from $285.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $322.88.

Microsoft Trading Up 3.2 %

Shares of MSFT opened at $304.83 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.67 and a beta of 0.93. The stock’s fifty day simple moving average is $272.55 and its 200 day simple moving average is $252.82. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $305.20.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 40.12% and a net margin of 33.25%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $2.22 EPS. On average, equities research analysts forecast that Microsoft Co. will post 9.3 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is currently 30.22%.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.