Tributary Capital Management LLC Has $3.69 Million Position in Microsoft Co. (NASDAQ:MSFT)

Tributary Capital Management LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,764 shares of the software giant’s stock after selling 412 shares during the period. Tributary Capital Management LLC’s holdings in Microsoft were worth $3,694,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MSFT. WFA Asset Management Corp lifted its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its holdings in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the period. Granite FO LLC acquired a new position in Microsoft in the second quarter valued at approximately $1,707,000. William B. Walkup & Associates Inc. bought a new stake in Microsoft in the second quarter valued at approximately $1,537,000. Finally, Wallace Advisory Group LLC increased its stake in Microsoft by 6.9% in the second quarter. Wallace Advisory Group LLC now owns 7,574 shares of the software giant’s stock valued at $3,385,000 after purchasing an additional 492 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the company from $425.00 to $450.00 in a research note on Thursday. UBS Group lowered their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Stifel Nicolaus lowered their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $510.43.

Microsoft Stock Up 2.6 %

Shares of MSFT stock opened at $388.56 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The firm’s fifty day moving average price is $412.43 and its two-hundred day moving average price is $420.55. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company posted $2.93 EPS. On average, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is presently 26.73%.

About Microsoft

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.