Microsoft Corporation (MSFT) : Ancora Advisors scooped up 3,707 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 131,115 shares of Microsoft Corporation which is valued at $7,596,803.Microsoft Corporation makes up approximately 0.86% of Ancora Advisors’s portfolio.
Other Hedge Funds, Including , Picton Mahoney Asset Management reduced its stake in MSFT by selling 238,475 shares or 38.79% in the most recent quarter. The Hedge Fund company now holds 376,275 shares of MSFT which is valued at $21,801,374. Microsoft Corporation makes up approx 1.46% of Picton Mahoney Asset Management’s portfolio.Greystone Managed Investments reduced its stake in MSFT by selling 19,904 shares or 5.9% in the most recent quarter. The Hedge Fund company now holds 317,282 shares of MSFT which is valued at $18,421,393. Microsoft Corporation makes up approx 0.72% of Greystone Managed Investments’s portfolio.Nippon Life Insurance Co reduced its stake in MSFT by selling 20,682 shares or 6.35% in the most recent quarter. The Hedge Fund company now holds 304,932 shares of MSFT which is valued at $17,371,976. Microsoft Corporation makes up approx 0.42% of Nippon Life Insurance Co’s portfolio.Campbell Newman Asset Management Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 11,836 additional shares and now holds a total of 472,059 shares of Microsoft Corporation which is valued at $25,259,877. Microsoft Corporation makes up approx 4.48% of Campbell Newman Asset Management Inc’s portfolio.
Microsoft Corporation opened for trading at $57.9 and hit $58.18 on the upside on Tuesday, eventually ending the session at $57.89, with a gain of 0.38% or 0.22 points. The heightened volatility saw the trading volume jump to 1,87,32,373 shares. Company has a market cap of $451,109 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.
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 Companys 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.