Murphy Pohlad Asset Management Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Murphy Pohlad Asset Management reduced its stake in Microsoft Corporation by 0.73% during the most recent quarter end. The investment management company now holds a total of 90,748 shares of Microsoft Corporation which is valued at $4,698,931 after selling 666 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Microsoft Corporation makes up approximately 3.46% of Murphy Pohlad Asset Management’s portfolio.

Microsoft Corporation closed down -4 points or -7.17% at $51.78 with 12,68,34,091 shares getting traded on Friday. Post opening the session at $51.91, the shares hit an intraday low of $50.77 and an intraday high of $52.4297 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Winslow Evans Crocker reduced its stake in MSFT by selling 18 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 79,326 shares of MSFT which is valued at $4,107,500. Microsoft Corporation makes up approx 1.21% of Winslow Evans Crocker’s portfolio.Pioneer Trust Bank N Aor reduced its stake in MSFT by selling 220 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 84,567 shares of MSFT which is valued at $4,706,154. Microsoft Corporation makes up approx 2.95% of Pioneer Trust Bank N Aor’s portfolio.Sit Investment Associates Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 147,155 additional shares and now holds a total of 2,300,535 shares of Microsoft Corporation which is valued at $128,024,773. Microsoft Corporation makes up approx 2.33% of Sit Investment Associates Inc’s portfolio.Stewart Patten Co reduced its stake in MSFT by selling 7,641 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 306,416 shares of MSFT which is valued at $17,052,050. Microsoft Corporation makes up approx 3.40% of Stewart Patten Co’s portfolio.Rathbone Brothers Plc reduced its stake in MSFT by selling 15,528 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 459,609 shares of MSFT which is valued at $24,961,365. Microsoft Corporation makes up approx 1.53% of Rathbone Brothers Plc’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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