Microsoft Stake Acquired by Inceptionr LLC
Inceptionr LLC has entered the Microsoft Corporation market by acquiring a new stake in the software giant's stock. According to its most recent 13F filing with the Securities and Exchange Commission, Inceptionr acquired 1,797 shares of MSFT during the first quarter, valued at approximately $665,000.
This is not an isolated case; several other institutional investors have recently made changes to their positions in Microsoft. Longfellow Investment Management Co. LLC grew its stake in Microsoft by 51.3% during the second quarter, while Bernzott Capital Advisors and Timmons Wealth Management LLC purchased new stakes in the company.
Microsoft's quarterly revenue was up 17.7% compared to the same quarter last year, with earnings per share beating expectations at $4.74. The company recently announced a quarterly dividend of $0.91 per share, paid on September 10th to stockholders of record as of August 20th.