Advisor Partners Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Advisor Partners reduced its stake in Microsoft Corporation by 16.42% during the most recent quarter end. The investment management company now holds a total of 127,271 shares of Microsoft Corporation which is valued at $6.5 Million after selling 25,003 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Microsoft Corporation makes up approximately 2.43% of Advisor Partners’s portfolio.

Other Hedge Funds, Including , Cannell Peter B Co Inc reduced its stake in MSFT by selling 210,619 shares or 12.32% in the most recent quarter. The Hedge Fund company now holds 1,499,556 shares of MSFT which is valued at $76.6 Million. Microsoft Corporation makes up approx 2.77% of Cannell Peter B Co Inc’s portfolio.Asset Management Advisors reduced its stake in MSFT by selling 11,100 shares or 11.21% in the most recent quarter. The Hedge Fund company now holds 87,945 shares of MSFT which is valued at $4.5 Million. Microsoft Corporation makes up approx 3.95% of Asset Management Advisors’s portfolio.South Dakota Investment Council reduced its stake in MSFT by selling 138,580 shares or 5.42% in the most recent quarter. The Hedge Fund company now holds 2,419,218 shares of MSFT which is valued at $121.9 Million. Microsoft Corporation makes up approx 2.65% of South Dakota Investment Council’s portfolio.Schmidt P J Investment Management Inc reduced its stake in MSFT by selling 2,271 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 114,690 shares of MSFT which is valued at $5.7 Million. Microsoft Corporation makes up approx 2.25% of Schmidt P J Investment Management Inc’s portfolio.

Microsoft Corporation opened for trading at $50.8 and hit $51.96 on the upside on Monday, eventually ending the session at $51.83, with a gain of 1.47% or 0.75 points. The heightened volatility saw the trading volume jump to 2,00,32,017 shares. Company has a market cap of $407,408 M.

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.

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.

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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