Tributary Capital Management LLC Has $2.33 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Tributary Capital Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,370 shares of the software giant’s stock after selling 300 shares during the quarter. Tributary Capital Management LLC’s holdings in Microsoft were worth $2,327,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSFT. Chicago Capital LLC boosted its holdings in Microsoft by 13.2% in the second quarter. Chicago Capital LLC now owns 104,444 shares of the software giant’s stock valued at $13,991,000 after acquiring an additional 12,156 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its holdings in Microsoft by 3.4% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 80,895 shares of the software giant’s stock valued at $10,837,000 after acquiring an additional 2,680 shares during the last quarter. Pacific Wealth Strategies Group Inc. boosted its holdings in Microsoft by 2.2% in the second quarter. Pacific Wealth Strategies Group Inc. now owns 31,508 shares of the software giant’s stock valued at $4,221,000 after acquiring an additional 676 shares during the last quarter. PFS Investments Inc. boosted its holdings in Microsoft by 145.1% in the second quarter. PFS Investments Inc. now owns 25,754 shares of the software giant’s stock valued at $3,530,000 after acquiring an additional 15,248 shares during the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in Microsoft by 2.7% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,177 shares of the software giant’s stock valued at $1,497,000 after acquiring an additional 298 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

In other news, insider Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now owns 64,152 shares in the company, valued at approximately $9,048,639.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $128.87, for a total value of $386,610.00. The disclosure for this sale can be found here. Insiders have sold a total of 27,947 shares of company stock worth $3,704,572 in the last quarter. 1.38% of the stock is currently owned by company insiders.

Several research firms recently issued reports on MSFT. CIBC raised their price target on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Macquarie raised their price target on Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Jefferies Financial Group set a $93.00 price target on Microsoft and gave the company a “sell” rating in a report on Friday, July 19th. Piper Jaffray Companies raised their price target on Microsoft from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, Credit Suisse Group raised their price target on Microsoft from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Microsoft currently has an average rating of “Buy” and an average price target of $149.21.

MSFT traded up $4.42 during midday trading on Thursday, reaching $140.69. 1,671,114 shares of the company were exchanged, compared to its average volume of 20,322,394. Microsoft Co. has a one year low of $93.96 and a one year high of $141.68. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1,080.69 billion, a PE ratio of 29.61, a P/E/G ratio of 2.46 and a beta of 1.21. The company’s 50-day simple moving average is $136.71.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The business had revenue of $33.72 billion for the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the previous year, the business posted $1.13 EPS. Microsoft’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 5.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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