Ave Maria Focused Fund: “Microsoft (MSFT) Will be Able to Maintain Mid-Teen Revenue Growth for the Foreseeable Future”

Investment management company Ave Maria recently released its “Ave Maria Focused Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the second quarter, the fund returned -22.3% compared to -17.46% for the S&P MidCap 400® Growth Index and -16.10% for the S&P 500® Index.  You can check the top 5 holdings of the fund to know its best picks in 2022.

Ave Maria discussed stocks like Microsoft Corporation (NASDAQ:MSFT) in the second quarter investor letter. Headquartered in Redmond, Washington, Microsoft Corporation (NASDAQ:MSFT) is a multinational technology corporation. On August 24, 2022, Microsoft Corporation (NASDAQ:MSFT) stock closed at $275.79 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -0.22% and its shares lost 7.79% of their value over the last 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.062 trillion.

Here is what Ave Maria specifically said about Microsoft Corporation (NASDAQ:MSFT):

“Microsoft Corporation (NASDAQ:MSFT)’s cloud business is nearly half of the company’s revenue and the largest business in Microsoft, with Office 365 being the second largest. The cloud business helps customers save money, so it is somewhat recession-proof. Office 365 allows customers to purchase low annual subscriptions, as opposed to purchasing expensive license agreements every few years. This could keep the revenue stable in a tough economic environment. We believe the company will be able to maintain mid-teen revenue growth for the foreseeable future.”

Image by Tawanda Razika from Pixabay

Our research shows that Microsoft Corporation (NASDAQ:MSFT) performed well in this quarter and the stock gained second position 0n the list of 30 Most Popular Stocks Among Hedge Funds. Microsoft Corporation (NASDAQ:MSFT) was held by 258 hedge fund portfolios at the end of the second quarter compared to 259 in the previous quarter.

We discussed Microsoft Corporation (NASDAQ:MSFT) in another article and shared the list of dividend stocks for college students that Redditors recommend. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.