Microsoft Corporation (MSFT) : First Long Island Investors scooped up 20,631 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 333,515 shares of Microsoft Corporation which is valued at $19,363,881.Microsoft Corporation makes up approximately 3.47% of First Long Island Investors’s portfolio.
Other Hedge Funds, Including , Pittenger Anderson Inc reduced its stake in MSFT by selling 643 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 145,766 shares of MSFT which is valued at $8,463,174. Microsoft Corporation makes up approx 0.92% of Pittenger Anderson Inc’s portfolio.Oppenheimer Co Inc reduced its stake in MSFT by selling 5,766 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 818,204 shares of MSFT which is valued at $47,701,293. Microsoft Corporation makes up approx 1.37% of Oppenheimer Co Inc’s portfolio.Jennison Associates reduced its stake in MSFT by selling 803,646 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 31,125,802 shares of MSFT which is valued at $1,773,236,940. Microsoft Corporation makes up approx 1.86% of Jennison Associates’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in MSFT by selling 63,961 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 1,643,568 shares of MSFT which is valued at $93,157,434. Microsoft Corporation makes up approx 1.68% of Kornitzer Capital Management Inc Ks’s portfolio.
Microsoft Corporation opened for trading at $57.54 and hit $57.68 on the upside on Wednesday, eventually ending the session at $57.56, with a gain of 0.21% or 0.12 points. The heightened volatility saw the trading volume jump to 1,88,56,423 shares. Company has a market cap of $448,537 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.