5 Value Stocks with Big Buybacks

3. Microsoft Corporation (NASDAQ:MSFT)

Q3 2022 Buybacks (Million): $5,573

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) is one of the most widely held elite fund stocks given 269 hedge funds in our database owned shares at the end of the third quarter. Recently, Microsoft Corporation (NASDAQ:MSFT) has been in the news for being set to invest $10 billion in OpenAI, which makes ChatGPT at around a $29 billion valuation. Although the deal term sheet isn’t fully set out, Microsoft could own more of the company and also provide it more cloud services too. If it maintains its market share in the cloud, Microsoft Corporation (NASDAQ:MSFT) has substantial more growth left.

Microsoft Corporation (NASDAQ:MSFT) bought back $5.573 billion worth of shares in the third quarter.

Carillon Tower commented on Microsoft Corporation (NASDAQ:MSFT) in a Q3 2022 investor letter,

Despite reporting very good quarterly results, Microsoft Corporation (NASDAQ:MSFT) underperformed the overall market in August. Technology stocks in general underperformed in August due to fears over slowing global economic growth, potentially leading to cuts in corporate information technology budgets.