Becker Capital Management Inc Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Becker Capital Management Inc reduced its stake in Microsoft Corporation by 3.3% during the most recent quarter end. The investment management company now holds a total of 1,241,443 shares of Microsoft Corporation which is valued at $65 Million after selling 42,330 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on May 25, 2016.Microsoft Corporation makes up approximately 2.70% of Becker Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Town Country Bank Trust Co Dba First Bankers Trust Co reduced its stake in MSFT by selling 570 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 106,417 shares of MSFT which is valued at $5.4 Million. Microsoft Corporation makes up approx 2.28% of Town Country Bank Trust Co Dba First Bankers Trust Co’s portfolio.Miles Capital reduced its stake in MSFT by selling 133 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 16,440 shares of MSFT which is valued at $839,755. Microsoft Corporation makes up approx 0.56% of Miles Capital’s portfolio.Amf Pensionsforsakring Ab reduced its stake in MSFT by selling 173,300 shares or 41.48% in the most recent quarter. The Hedge Fund company now holds 244,526 shares of MSFT which is valued at $12.5 Million. Microsoft Corporation makes up approx 0.17% of Amf Pensionsforsakring Ab’s portfolio.Azimuth Capital Management boosted its stake in MSFT in the latest quarter, The investment management firm added 6,150 additional shares and now holds a total of 337,142 shares of Microsoft Corporation which is valued at $17.2 Million. Microsoft Corporation makes up approx 1.65% of Azimuth Capital Management’s portfolio.

Microsoft Corporation closed down -0.15 points or -0.28% at $52.85 with 2,53,24,828 shares getting traded on Wednesday. Post opening the session at $52.44, the shares hit an intraday low of $52.44 and an intraday high of $52.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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