Cullinan Associates Inc Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Cullinan Associates Inc reduced its stake in Microsoft Corporation by 1.61% during the most recent quarter end. The investment management company now holds a total of 326,274 shares of Microsoft Corporation which is valued at $16,692,178 after selling 5,352 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Jul 1, 2016.Microsoft Corporation makes up approximately 1.36% of Cullinan Associates Inc’s portfolio.

Other Hedge Funds, Including , Baystate Wealth Management sold out all of its stake in MSFT during the most recent quarter. The investment firm sold 3,940 shares of MSFT which is valued $201,570.

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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