Epoch Investment Partners buys $772.5 Million stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Epoch Investment Partners scooped up 48,683 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 15,122,731 shares of Microsoft Corporation which is valued at $772.5 Million.Microsoft Corporation makes up approximately 2.97% of Epoch Investment Partners’s portfolio.

Other Hedge Funds, Including , Prudential Plc reduced its stake in MSFT by selling 1,741,025 shares or 10.94% in the most recent quarter. The Hedge Fund company now holds 14,170,879 shares of MSFT which is valued at $723.8 Million. Microsoft Corporation makes up approx 3.07% of Prudential Plc’s portfolio.Sva Plumb Wealth Management boosted its stake in MSFT in the latest quarter, The investment management firm added 1,093 additional shares and now holds a total of 116,419 shares of Microsoft Corporation which is valued at $5.9 Million. Microsoft Corporation makes up approx 0.99% of Sva Plumb Wealth Management’s portfolio.Benedict Financial Advisors Inc reduced its stake in MSFT by selling 1,831 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 121,877 shares of MSFT which is valued at $6.1 Million. Microsoft Corporation makes up approx 3.76% of Benedict Financial Advisors Inc’s portfolio.Veritas Asset Management Llp reduced its stake in MSFT by selling 177,750 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 11,170,573 shares of MSFT which is valued at $562.9 Million. Microsoft Corporation makes up approx 7.03% of Veritas Asset Management Llp’s portfolio.

Microsoft Corporation opened for trading at $51.92 and hit $52.49 on the upside on Wednesday, eventually ending the session at $52.12, with a gain of 1.03% or 0.53 points. The heightened volatility saw the trading volume jump to 2,42,04,266 shares. Company has a market cap of $409,688 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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