Highland Capital Management Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Highland Capital Management reduced its stake in Microsoft Corporation by 1.79% during the most recent quarter end. The investment management company now holds a total of 593,962 shares of Microsoft Corporation which is valued at $33,053,985 after selling 10,808 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Microsoft Corporation makes up approximately 2.80% of Highland Capital Management’s portfolio.

Microsoft Corporation opened for trading at $55.8 and hit $56.23 on the upside on Wednesday, eventually ending the session at $55.78, with a gain of 0.34% or 0.19 points. The heightened volatility saw the trading volume jump to 3,89,09,096 shares. Company has a market cap of $441,181 M.

Other Hedge Funds, Including , Perkins Coie Trust Co boosted its stake in MSFT in the latest quarter, The investment management firm added 6,413 additional shares and now holds a total of 101,223 shares of Microsoft Corporation which is valued at $5,633,060. Microsoft Corporation makes up approx 3.79% of Perkins Coie Trust Co’s portfolio.Alpha Windward reduced its stake in MSFT by selling 160 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 6,085 shares of MSFT which is valued at $338,630. Microsoft Corporation makes up approx 0.24% of Alpha Windward’s portfolio.Burns J W Co Incny boosted its stake in MSFT in the latest quarter, The investment management firm added 1,786 additional shares and now holds a total of 189,492 shares of Microsoft Corporation which is valued at $10,291,311. Microsoft Corporation makes up approx 3.28% of Burns J W Co Incny’s portfolio.Community Trust Investment Co reduced its stake in MSFT by selling 5,019 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 456,711 shares of MSFT which is valued at $24,803,974. Microsoft Corporation makes up approx 3.20% of Community Trust Investment Co’s portfolio.Beacon Financial Group reduced its stake in MSFT by selling 7,183 shares or 18.38% in the most recent quarter. The Hedge Fund company now holds 31,890 shares of MSFT which is valued at $1,772,127. Microsoft Corporation makes up approx 0.38% of Beacon Financial Group’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. 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 .Company shares were Reiterated by FBN Securities on Feb 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 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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