Microsoft Co. (NASDAQ:MSFT) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,176 shares of the software giant’s stock after selling 137 shares during the quarter. Tributary Capital Management LLC’s holdings in Microsoft were worth $3,948,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSFT. Net Worth Advisory Group acquired a new position in Microsoft during the third quarter worth about $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after purchasing an additional 31,401 shares during the last quarter. Jacobs & Co. CA grew its position in shares of Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares in the last quarter. Evernest Financial Advisors LLC increased its holdings in shares of Microsoft by 389.2% in the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after purchasing an additional 42,778 shares during the last quarter. Finally, New Harbor Financial Group LLC lifted its position in Microsoft by 55.9% during the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 over the last three months. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MSFT shares. Stifel Nicolaus raised their price objective on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Citigroup cut their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $509.90.

Microsoft Trading Up 0.9 %

Microsoft stock opened at $439.33 on Thursday. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35. The firm has a market capitalization of $3.27 trillion, a price-to-earnings ratio of 36.25, a PEG ratio of 2.37 and a beta of 0.90. The firm has a 50-day moving average price of $427.76 and a two-hundred day moving average price of $428.69. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.99 earnings per share. Sell-side analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its Board of Directors has initiated a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio is currently 27.39%.

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.