Municipal Employees’ Retirement System Of Michigan buys $13,354,358 stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Municipal Employees’ Retirement System Of Michigan scooped up 1,910 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 265,020 shares of Microsoft Corporation which is valued at $13,354,358.Microsoft Corporation makes up approximately 0.89% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Other Hedge Funds, Including , Staley Capital Advisers Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 6,547 additional shares and now holds a total of 736,171 shares of Microsoft Corporation which is valued at $37,095,657. Microsoft Corporation makes up approx 3.99% of Staley Capital Advisers Inc’s portfolio.Schmidt P J Investment Management Inc reduced its stake in MSFT by selling 2,271 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 114,690 shares of MSFT which is valued at $5,719,590. Microsoft Corporation makes up approx 2.25% of Schmidt P J Investment Management Inc’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in MSFT by selling 234,700 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 9,965,300 shares of MSFT which is valued at $496,969,511. Microsoft Corporation makes up approx 2.23% of State Of New Jersey Common Pension Fund D’s portfolio.Factory Mutual Insurance Co reduced its stake in MSFT by selling 10,000 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 2,335,900 shares of MSFT which is valued at $116,491,333. Microsoft Corporation makes up approx 1.50% of Factory Mutual Insurance Co’s portfolio. Achievement Holdings sold out all of its stake in MSFT during the most recent quarter. The investment firm sold 22,900 shares of MSFT which is valued $1,142,023.

Microsoft Corporation opened for trading at $50.33 and hit $51.1 on the upside on Tuesday, eventually ending the session at $51.02, with a gain of 1.90% or 0.95 points. The heightened volatility saw the trading volume jump to 2,28,90,966 shares. Company has a market cap of $401,041 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.

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.

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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