Sterneck Capital Management Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Sterneck Capital Management reduced its stake in Microsoft Corporation by 13.34% during the most recent quarter end. The investment management company now holds a total of 89,746 shares of Microsoft Corporation which is valued at $4.7 Million after selling 13,819 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on May 27, 2016.Microsoft Corporation makes up approximately 3.24% of Sterneck Capital Management’s portfolio.

Other Hedge Funds, Including , Puzo Michael J boosted its stake in MSFT in the latest quarter, The investment management firm added 4,575 additional shares and now holds a total of 63,606 shares of Microsoft Corporation which is valued at $3.3 Million. Microsoft Corporation makes up approx 2.21% of Puzo Michael J’s portfolio. Conatus Capital Management Lp added MSFT to its portfolio by purchasing 702,808 company shares during the most recent quarter which is valued at $35.6 Million. Microsoft Corporation makes up approx 2.26% of Conatus Capital Management Lp’s portfolio.Alkeon Capital Management boosted its stake in MSFT in the latest quarter, The investment management firm added 259,115 additional shares and now holds a total of 4,152,115 shares of Microsoft Corporation which is valued at $210.2 Million. Microsoft Corporation makes up approx 4.39% of Alkeon Capital Management’s portfolio. Intrepid Capital Management Inc sold out all of its stake in MSFT during the most recent quarter. The investment firm sold 136,435 shares of MSFT which is valued $7 Million.Capital Counselny reduced its stake in MSFT by selling 21,005 shares or 68.3% in the most recent quarter. The Hedge Fund company now holds 9,750 shares of MSFT which is valued at $498,030. Microsoft Corporation makes up approx 0.04% of Capital Counselny’s portfolio.

Microsoft Corporation closed down -0.03 points or -0.06% at $52.1 with 2,08,66,770 shares getting traded on Tuesday. Post opening the session at $52.24, the shares hit an intraday low of $52.1 and an intraday high of $52.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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