5 Best Staffing Company Stocks to Buy

2. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 258    

Microsoft Corporation (NASDAQ: MSFT) is a Washington-based technology company that was founded in 1975. It is placed second on our list of 10 best staffing company stocks to buy. The firm owns LinkedIn, the premier social network that focuses on professional profiles and links individuals looking for jobs with businesses seeking to hire them. LinkedIn had 740 million registered members from 150 countries. Microsoft stock has returned more than 32% to investors in the past twelve months. 

On May 13, investment advisory Rosenblatt initiated coverage on Microsoft Corporation (NASDAQ: MSFT) stock with a Buy rating and a price target of $301. Microsoft shares jumped more than 2% after the ratings update. 

At the end of the fourth quarter of 2020, 258 hedge funds in the database of Insider Monkey held stakes worth $52 billion in the firm, up from 234 in the preceding quarter worth $42 billion. 

In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ: MSFT) was one of them. Here is what the fund said:

“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”