New York State Teachers Retirement System Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : New York State Teachers Retirement System reduced its stake in Microsoft Corporation by 0.41% during the most recent quarter end. The investment management company now holds a total of 15,466,891 shares of Microsoft Corporation which is valued at $800,875,616 after selling 64,051 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Microsoft Corporation makes up approximately 2.08% of New York State Teachers Retirement System’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 , Bristol John W Co Inc Ny reduced its stake in MSFT by selling 49,003 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 1,523,563 shares of MSFT which is valued at $78,890,092. Microsoft Corporation makes up approx 2.09% of Bristol John W Co Inc Ny’s portfolio.Charter Trust Co reduced its stake in MSFT by selling 6,560 shares or 5.22% in the most recent quarter. The Hedge Fund company now holds 119,175 shares of MSFT which is valued at $6,472,394. Microsoft Corporation makes up approx 0.79% of Charter Trust Co’s portfolio.New England Research Management boosted its stake in MSFT in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 23,502 shares of Microsoft Corporation which is valued at $1,276,394. Microsoft Corporation makes up approx 1.10% of New England Research Management’s portfolio.Keystone Financial Planning reduced its stake in MSFT by selling 60,368 shares or 62.84% in the most recent quarter. The Hedge Fund company now holds 35,700 shares of MSFT which is valued at $1,938,867. Microsoft Corporation makes up approx 1.39% of Keystone Financial Planning’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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