Advisory Services Network buys $3,547,966 stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Advisory Services Network scooped up 8,953 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 68,520 shares of Microsoft Corporation which is valued at $3,547,966.Microsoft Corporation makes up approximately 0.95% of Advisory Services Network’s portfolio.

Microsoft Corporation closed down -0.5 points or -0.97% at $50.94 with 4,33,69,256 shares getting traded on Wednesday. Post opening the session at $51.48, the shares hit an intraday low of $50.55 and an intraday high of $51.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Schaper Benz Wise Investment Counsel Incwi boosted its stake in MSFT in the latest quarter, The investment management firm added 1,070 additional shares and now holds a total of 57,007 shares of Microsoft Corporation which is valued at $2,951,822. Microsoft Corporation makes up approx 0.54% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.Gillespie Robinson Grimm Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 3,601 additional shares and now holds a total of 14,368 shares of Microsoft Corporation which is valued at $743,975. Microsoft Corporation makes up approx 0.12% of Gillespie Robinson Grimm Inc’s portfolio.Woodley Farra Manion Portfolio Management Inc reduced its stake in MSFT by selling 8,925 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 508,616 shares of MSFT which is valued at $26,336,136. Microsoft Corporation makes up approx 4.37% of Woodley Farra Manion Portfolio Management Inc’s portfolio.Tnb Financial boosted its stake in MSFT in the latest quarter, The investment management firm added 11,719 additional shares and now holds a total of 31,187 shares of Microsoft Corporation which is valued at $1,735,557. Microsoft Corporation makes up approx 0.52% of Tnb Financial’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in MSFT in the latest quarter, The investment management firm added 3,929 additional shares and now holds a total of 155,966 shares of Microsoft Corporation which is valued at $8,679,508. Microsoft Corporation makes up approx 1.72% of Osborn Rohs Williams Donohoe Ltd’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 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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