Microsoft Corporation (MSFT) : Calamos Wealth Management scooped up 19,704 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 235,991 shares of Microsoft Corporation which is valued at $11,768,871.Microsoft Corporation makes up approximately 2.58% of Calamos Wealth Management’s portfolio.
Microsoft Corporation opened for trading at $50 and hit $50.75 on the upside on Monday, eventually ending the session at $50.61, with a gain of 1.48% or 0.74 points. The heightened volatility saw the trading volume jump to 3,31,14,539 shares. Company has a market cap of $397,818 M.
Other Hedge Funds, Including , Palladium Partners boosted its stake in MSFT in the latest quarter, The investment management firm added 1,324 additional shares and now holds a total of 327,025 shares of Microsoft Corporation which is valued at $16,308,737. Microsoft Corporation makes up approx 1.50% of Palladium Partners’s portfolio.Howard Capital Management boosted its stake in MSFT in the latest quarter, The investment management firm added 7,086 additional shares and now holds a total of 312,760 shares of Microsoft Corporation which is valued at $16,194,713. Microsoft Corporation makes up approx 3.12% of Howard Capital Management’s portfolio.Traynor Capital Management reduced its stake in MSFT by selling 43 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 9,880 shares of MSFT which is valued at $511,586. Microsoft Corporation makes up approx 0.40% of Traynor Capital Management’s portfolio.Crestpoint Capital Management reduced its stake in MSFT by selling 12,300 shares or 15.13% in the most recent quarter. The Hedge Fund company now holds 69,000 shares of MSFT which is valued at $3,839,850. Microsoft Corporation makes up approx 2.07% of Crestpoint Capital Management’s portfolio.Pioneer Trust Bank N Aor reduced its stake in MSFT by selling 220 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 84,567 shares of MSFT which is valued at $4,706,154. Microsoft Corporation makes up approx 2.95% of Pioneer Trust Bank N Aor’s portfolio.
On the company’s financial health, Microsoft Corporation reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.64. The company had revenue of $22076.00 million for the quarter, compared to analysts expectations of $22107.44 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.
Investors should note that on Mar 15, 2016, Microsoft Corporation announced a cash dividend of $0.3600. The company’s management has announced May 17, 2016 as the ex-dividend date and fixed the record date on May 19, 2016. The payable date has been fixed on Jun 9, 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 was Initiated by Macquarie to “Neutral” on Mar 4, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 63 from a previous price target of $65 .
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.