Tributary Capital Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,040 shares of the software giant’s stock after purchasing an additional 1,900 shares during the period. Tributary Capital Management LLC’s holdings in Microsoft were worth $1,800,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in Microsoft in the 4th quarter worth about $103,000. Acrospire Investment Management LLC boosted its holdings in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Microsoft in the 4th quarter worth about $134,000. Stelac Advisory Services LLC boosted its holdings in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the last quarter. Finally, Pacific Center for Financial Services boosted its holdings in Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 73.84% of the company’s stock.
Several equities research analysts recently issued reports on the company. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr cut Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price objective on the stock. in a report on Wednesday, January 17th. Instinet assumed coverage on Microsoft in a report on Thursday, January 25th. They issued a “buy” rating on the stock. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, UBS set a $105.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-one have issued a buy rating to the stock. Microsoft has a consensus rating of “Buy” and an average price target of $100.19.
MSFT stock opened at $95.00 on Friday. The company has a market cap of $740,027.13, a PE ratio of 28.70, a PEG ratio of 2.23 and a beta of 1.07. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. Microsoft Co. has a one year low of $65.45 and a one year high of $97.24.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 earnings per share. analysts forecast that Microsoft Co. will post 3.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s payout ratio is 50.76%.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the sale, the executive vice president now owns 171,278 shares of the company’s stock, valued at $15,928,854. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the sale, the chief marketing officer now directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. In the last three months, insiders sold 10,000 shares of company stock worth $930,900. 1.49% of the stock is owned by corporate insiders.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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