Cullinan Associates Inc buys $18,920,849 stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Cullinan Associates Inc scooped up 1,985 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 328,259 shares of Microsoft Corporation which is valued at $18,920,849.Microsoft Corporation makes up approximately 1.63% of Cullinan Associates Inc’s portfolio.

Other Hedge Funds, Including , Cacti Asset Management boosted its stake in MSFT in the latest quarter, The investment management firm added 10,500 additional shares and now holds a total of 25,350 shares of Microsoft Corporation which is valued at $1,461,174. Microsoft Corporation makes up approx 0.15% of Cacti Asset Management’s portfolio.

Microsoft Corporation closed down -0.18 points or -0.31% at $57.24 with 2,00,85,874 shares getting traded on Tuesday. Post opening the session at $57.27, the shares hit an intraday low of $56.97 and an intraday high of $57.595 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 $0.69 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 Sep 20, 2016, Microsoft Corporation announced a cash dividend of $0.3900. The company’s management has announced Nov 15, 2016 as the ex-dividend date and fixed the record date on Nov 17, 2016. The payable date has been fixed on Dec 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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