American Money Management buys $3.7 Million stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : American Money Management scooped up 1,385 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 71,841 shares of Microsoft Corporation which is valued at $3.7 Million.Microsoft Corporation makes up approximately 3.07% of American Money Management’s portfolio.

Other Hedge Funds, Including , Carleon Capital Partners reduced its stake in MSFT by selling 12,700 shares or 52.05% in the most recent quarter. The Hedge Fund company now holds 11,700 shares of MSFT which is valued at $597,636. Microsoft Corporation makes up approx 0.26% of Carleon Capital Partners’s portfolio. Janney Capital Management sold out all of its stake in MSFT during the most recent quarter. The investment firm sold 993,510 shares of MSFT which is valued $50.7 Million.Mckinley Capital Management Delaware boosted its stake in MSFT in the latest quarter, The investment management firm added 182,140 additional shares and now holds a total of 914,066 shares of Microsoft Corporation which is valued at $46.7 Million. Microsoft Corporation makes up approx 2.31% of Mckinley Capital Management Delaware’s portfolio.Cls Investments boosted its stake in MSFT in the latest quarter, The investment management firm added 3,206 additional shares and now holds a total of 3,726 shares of Microsoft Corporation which is valued at $190,324. Microsoft Corporation makes up approx 0.01% of Cls Investments’s portfolio.Smithbridge Asset Management Incde reduced its stake in MSFT by selling 5,200 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 79,823 shares of MSFT which is valued at $4 Million. Microsoft Corporation makes up approx 3.72% of Smithbridge Asset Management Incde’s portfolio.

Microsoft Corporation opened for trading at $50.48 and hit $51.22 on the upside on Friday, eventually ending the session at $50.62, with a gain of 0.60% or 0.3 points. The heightened volatility saw the trading volume jump to 2,39,05,769 shares. Company has a market cap of $397,897 M.

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.

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.

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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