5 Stocks with the Biggest Buybacks

4. Microsoft Corp (NASDAQ:MSFT)

Stock Buybacks in 12 Months Through September 2023: $21.5B

With $21.5 billion in stock repurchases during 12 months ending September 2023, Microsoft Corp (NASDAQ:MSFT) ranks 4th in our list of the 11 stocks with the biggest buybacks. Back in 2021 Microsoft Corp (NASDAQ:MSFT) board approved a $60 billion stock repurchase program, according to reports. During the third quarter of 2023, Microsoft Corp’s (NASDAQ:MSFT) share repurchases stood at $4.15 billion, according to data from YCharts.

As of the end of the third quarter of 2023, 306 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Microsoft Corp (NASDAQ:MSFT).

Wedgewood Partners stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) was a leading contributor to performance for the quarter. The Company grew revenues +12% with healthy double-digit revenue growth in its core Office 365 and +28% growth in its Azure and other cloud services businesses leading to +25% growth in operating income. Microsoft has generated quite a few headlines related to its AI investments and initiatives, this year. The Company already has a commanding hold on the productivity software market, with the segment reporting almost 50% operating margins last fiscal year, but any new AI features introduced over the course of the year could help solidify that lead.”