Microsoft Corporation (MSFT) : Keystone Financial Planning reduced its stake in Microsoft Corporation by 62.84% during the most recent quarter end. The investment management company now holds a total of 35,700 shares of Microsoft Corporation which is valued at $1.9 Million after selling 60,368 shares in Microsoft Corporation according to a report filed by the company on Apr 5, 2016 with the SEC.Microsoft Corporation makes up approximately 1.39% of Keystone Financial Planning’s portfolio.
Other Hedge Funds, Including , Hollencrest Securities boosted its stake in MSFT in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 56,958 shares of Microsoft Corporation which is valued at $3.1 Million. Microsoft Corporation makes up approx 0.54% of Hollencrest Securities’s portfolio.Pensionfund Dsm Netherlands boosted its stake in MSFT in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 288,200 shares of Microsoft Corporation which is valued at $15.7 Million. Microsoft Corporation makes up approx 2.13% of Pensionfund Dsm Netherlands’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 $1.8 Million. Microsoft Corporation makes up approx 0.38% of Beacon Financial Group’s portfolio.Renaissance Investment Group boosted its stake in MSFT in the latest quarter, The investment management firm added 38,014 additional shares and now holds a total of 47,520 shares of Microsoft Corporation which is valued at $2.6 Million. Microsoft Corporation makes up approx 1.32% of Renaissance Investment Group’s portfolio.
On the company’s financial health, Microsoft Corporation reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.71. The company had revenue of $25693.00 million for the quarter, compared to analysts expectations of $25213.70 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 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 closed down -0.11 points or -0.20% at $54.31 with 2,14,14,227 shares getting traded on Monday. Post opening the session at $54.49, the shares hit an intraday low of $54.3 and an intraday high of $55.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 Companys 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.