Empirical Financial Services buys $2,437,632 stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Empirical Financial Services scooped up 1,010 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 42,788 shares of Microsoft Corporation which is valued at $2,437,632.Microsoft Corporation makes up approximately 0.64% of Empirical Financial Services’s portfolio.

Other Hedge Funds, Including , Whittier Trust Co Of Nevada Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 5,163 additional shares and now holds a total of 300,344 shares of Microsoft Corporation which is valued at $17,023,498. Microsoft Corporation makes up approx 1.88% of Whittier Trust Co Of Nevada Inc’s portfolio.Northpointe Capital reduced its stake in MSFT by selling 60,908 shares or 58.16% in the most recent quarter. The Hedge Fund company now holds 43,820 shares of MSFT which is valued at $2,462,246. Microsoft Corporation makes up approx 0.28% of Northpointe Capital’s portfolio.New Century Investment Management Inc reduced its stake in MSFT by selling 4,000 shares or 14.34% in the most recent quarter. The Hedge Fund company now holds 23,900 shares of MSFT which is valued at $1,352,023. Microsoft Corporation makes up approx 0.69% of New Century Investment Management Inc’s portfolio.Eqis Capital Management reduced its stake in MSFT by selling 3,758 shares or 9.19% in the most recent quarter. The Hedge Fund company now holds 37,138 shares of MSFT which is valued at $2,003,966. Microsoft Corporation makes up approx 0.13% of Eqis Capital Management’s portfolio.

Microsoft Corporation opened for trading at $56.8 and hit $57.5193 on the upside on Thursday, eventually ending the session at $57.39, with a gain of 0.74% or 0.42 points. The heightened volatility saw the trading volume jump to 2,65,87,749 shares. Company has a market cap of $447,212 M.

On the company’s financial health, Microsoft Corporation reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.58. The company had revenue of $22642.00 million for the quarter, compared to analysts expectations of $22137.35 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Investors should note that on Jun 14, 2016, Microsoft Corporation announced a cash dividend of $0.3600. The company’s management has announced Aug 16, 2016 as the ex-dividend date and fixed the record date on Aug 18, 2016. The payable date has been fixed on Sep 8, 2016.

Many Wall Street Analysts have commented on Microsoft Corporation. Company shares were Reiterated by FBN Securities on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Company shares were Reiterated by BMO Capital Markets on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $57 .

Microsoft Corporation is engaged in developing licensing and supporting a range of software products and services. The Company also designs and sells hardware and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing D&C Hardware D&C Other Commercial Licensing and Commercial Other. The Company’s products include operating systems for computing devices servers phones and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

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