Microsoft Corporation (MSFT) : Sumitomo Life Insurance Co reduced its stake in Microsoft Corporation by 7.04% during the most recent quarter end. The investment management company now holds a total of 312,720 shares of Microsoft Corporation which is valued at $16,874,371 after selling 23,671 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Microsoft Corporation makes up approximately 2.24% of Sumitomo Life Insurance Co’s portfolio.
Other Hedge Funds, Including , Verus Financial Partners reduced its stake in MSFT by selling 786 shares or 11.09% in the most recent quarter. The Hedge Fund company now holds 6,303 shares of MSFT which is valued at $340,110. Microsoft Corporation makes up approx 0.15% of Verus Financial Partners’s portfolio.Northstar Group boosted its stake in MSFT in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 3,953 shares of Microsoft Corporation which is valued at $211,525. Microsoft Corporation makes up approx 0.16% of Northstar Group’s portfolio.Palisade Asset Management reduced its stake in MSFT by selling 2,120 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 254,025 shares of MSFT which is valued at $13,592,878. Microsoft Corporation makes up approx 2.53% of Palisade Asset Management’s portfolio.Lgt Capital Partners Ltd. boosted its stake in MSFT in the latest quarter, The investment management firm added 15,960 additional shares and now holds a total of 323,690 shares of Microsoft Corporation which is valued at $17,320,652. Microsoft Corporation makes up approx 2.94% of Lgt Capital Partners Ltd.’s portfolio.Patten Patten Inctn boosted its stake in MSFT in the latest quarter, The investment management firm added 14,634 additional shares and now holds a total of 176,091 shares of Microsoft Corporation which is valued at $9,209,559. Microsoft Corporation makes up approx 1.26% of Patten Patten Inctn’s portfolio.
Microsoft Corporation opened for trading at $53.7 and hit $54.34 on the upside on Monday, eventually ending the session at $53.96, with a gain of 0.48% or 0.26 points. The heightened volatility saw the trading volume jump to 3,14,33,864 shares. Company has a market cap of $424,151 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. Shares were Reiterated by BMO Capital Markets on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 57 from a previous price target of $58 .
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.