Baystate Wealth Management Exits Position in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Baystate Wealth Management has sold out all of its stake in Microsoft Corporation during the most recent quarter, according to the disclosure filed by the company on Jul 1, 2016 with the SEC. The investment management company has sold out 3,940 shares of Microsoft Corporation which is valued at $201,570.

Other Hedge Funds, Including , Cullinan Associates Inc reduced its stake in MSFT by selling 5,352 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 326,274 shares of MSFT which is valued at $16,692,178. Microsoft Corporation makes up approx 1.36% of Cullinan Associates Inc’s portfolio.

Microsoft Corporation closed down -0.01 points or -0.02% at $51.16 with 2,14,00,392 shares getting traded on Friday. Post opening the session at $51.13, the shares hit an intraday low of $51.07 and an intraday high of $51.72 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Investors should note that on Jun 14, 2016, Microsoft Corporation announced a cash dividend of $0.3600. The company’s management has announced Aug 16, 2016 as the ex-dividend date and fixed the record date on Aug 18, 2016. The payable date has been fixed on Sep 8, 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 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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