Seaward Management Limited Partnership Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Seaward Management Limited Partnership reduced its stake in Microsoft Corporation by 6.96% during the most recent quarter end. The investment management company now holds a total of 244,538 shares of Microsoft Corporation which is valued at $12,662,178 after selling 18,292 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Microsoft Corporation makes up approximately 0.67% of Seaward Management Limited Partnership’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 , Lodestar Investment Counselil boosted its stake in MSFT in the latest quarter, The investment management firm added 24,038 additional shares and now holds a total of 451,233 shares of Microsoft Corporation which is valued at $23,364,845. Microsoft Corporation makes up approx 3.30% of Lodestar Investment Counselil’s portfolio.Moreno Evelyn V boosted its stake in MSFT in the latest quarter, The investment management firm added 5,615 additional shares and now holds a total of 78,040 shares of Microsoft Corporation which is valued at $4,040,911. Microsoft Corporation makes up approx 1.54% of Moreno Evelyn V’s portfolio.Fort Pitt Capital Group reduced its stake in MSFT by selling 14,767 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 667,954 shares of MSFT which is valued at $34,586,658. Microsoft Corporation makes up approx 4.21% of Fort Pitt Capital Group’s portfolio.Gemmer Asset Management boosted its stake in MSFT in the latest quarter, The investment management firm added 874 additional shares and now holds a total of 8,072 shares of Microsoft Corporation which is valued at $449,207. Microsoft Corporation makes up approx 0.26% of Gemmer Asset Management’s portfolio.Neville Rodie Shaw Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 57,710 additional shares and now holds a total of 206,581 shares of Microsoft Corporation which is valued at $11,496,233. Microsoft Corporation makes up approx 1.38% of Neville Rodie Shaw Inc’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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