Microsoft Corporation (MSFT) : Pacwest Financial Management Inc reduced its stake in Microsoft Corporation by 3.63% during the most recent quarter end. The investment management company now holds a total of 88,514 shares of Microsoft Corporation which is valued at $4,414,193 after selling 3,333 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Microsoft Corporation makes up approximately 2.84% of Pacwest Financial Management Inc’s portfolio.
Microsoft Corporation opened for trading at $50 and hit $50.75 on the upside on Monday, eventually ending the session at $50.61, with a gain of 1.48% or 0.74 points. The heightened volatility saw the trading volume jump to 3,31,14,539 shares. Company has a market cap of $397,818 M.
Other Hedge Funds, Including , Pineno Levin Ford Asset Management reduced its stake in MSFT by selling 450 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 86,194 shares of MSFT which is valued at $4,298,495. Microsoft Corporation makes up approx 2.25% of Pineno Levin Ford Asset Management’s portfolio.Boston Advisors reduced its stake in MSFT by selling 90,566 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 1,792,727 shares of MSFT which is valued at $92,827,404. Microsoft Corporation makes up approx 2.27% of Boston Advisors’s portfolio.Perkins Coie Trust Co boosted its stake in MSFT in the latest quarter, The investment management firm added 6,413 additional shares and now holds a total of 101,223 shares of Microsoft Corporation which is valued at $5,633,060. Microsoft Corporation makes up approx 3.79% of Perkins Coie Trust Co’s portfolio.Heritage Investors Management Corp reduced its stake in MSFT by selling 11,672 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 539,255 shares of MSFT which is valued at $30,009,541. Microsoft Corporation makes up approx 2.28% of Heritage Investors Management Corp’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 Companys 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.