Patriot Wealth Management buys $10,455,161 stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Patriot Wealth Management scooped up 5,973 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 186,068 shares of Microsoft Corporation which is valued at $10,455,161.Microsoft Corporation makes up approximately 2.00% of Patriot Wealth Management’s portfolio.

Other Hedge Funds, Including , Calamos Wealth Management reduced its stake in MSFT by selling 12,233 shares or 5.18% in the most recent quarter. The Hedge Fund company now holds 223,758 shares of MSFT which is valued at $12,572,962. Microsoft Corporation makes up approx 2.41% of Calamos Wealth Management’s portfolio.Professional Advisory Services Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 601 additional shares and now holds a total of 7,531 shares of Microsoft Corporation which is valued at $406,373. Microsoft Corporation makes up approx 0.09% of Professional Advisory Services Inc’s portfolio.Hexavest reduced its stake in MSFT by selling 195,155 shares or 11.72% in the most recent quarter. The Hedge Fund company now holds 1,469,582 shares of MSFT which is valued at $79,298,645. Microsoft Corporation makes up approx 1.18% of Hexavest’s portfolio.Culbertson A N Co Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 3,930 additional shares and now holds a total of 124,806 shares of Microsoft Corporation which is valued at $6,678,369. Microsoft Corporation makes up approx 2.41% of Culbertson A N Co Inc’s portfolio.Stock Yards Bank Trust Co boosted its stake in MSFT in the latest quarter, The investment management firm added 542 additional shares and now holds a total of 142,295 shares of Microsoft Corporation which is valued at $7,281,235. Microsoft Corporation makes up approx 0.97% of Stock Yards Bank Trust Co’s portfolio.

Microsoft Corporation opened for trading at $56.26 and hit $56.76 on the upside on Friday, eventually ending the session at $56.68, with a gain of 0.84% or 0.47 points. The heightened volatility saw the trading volume jump to 3,05,58,718 shares. Company has a market cap of $445,531 M.

On the company’s financial health, Microsoft Corporation reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.58. The company had revenue of $22642.00 million for the quarter, compared to analysts expectations of $22137.35 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 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. Company shares were Reiterated by FBN Securities on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Company shares were Reiterated by BMO Capital Markets on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $57 .

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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