Top 5 Stock Picks of Joe Huber’s Huber Capital Management

2. Microsoft Corporation (NASDAQ:MSFT)

Huber Capital Management’s Stake Value: $21,624,000

Percentage of Huber Capital Management’s 13F Portfolio: 5.58%

Number of Hedge Fund Holders: 238

Microsoft Corporation (NASDAQ:MSFT) posted solid Q3 results on October 26, with an EPS of $2.27, exceeding estimates by $0.19. Revenue for the quarter equaled $45.32 billion, beating estimated revenue by $1.33 billion. Credit Suisse analyst Phil Winslow on November 16 assumed coverage of Microsoft Corporation (NASDAQ:MSFT) with an Outperform rating and a $400 price target.

Huber Capital Management owns 76,701 shares in Microsoft Corporation (NASDAQ:MSFT) as of the third quarter, worth $21.62 million, representing 5.58% of the firm’s 13F portfolio. 

Arrowstreet Capital is one of the leading Microsoft Corporation (NASDAQ:MSFT) stakeholders as per Insider Monkey’s records, with 17.9 million shares worth over $5 billion. Overall, 266 hedge funds were bullish on the company at the end of Q2, with a total stake value of $62.4 billion. 

Alger mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter. Here is what the firm has to say:

“Microsoft Corporation was among the top contributors to performance during the third quarter. Microsoft is a Positive Dynamic Change beneficiary of corporate America’s transformative digitization. Microsoft’s enterprise cloud product, Azure, is rapidly growing and accruing market share. Microsoft reported that Azure grew 51% in the second quarter. This high unit volume growth is a primary driver of the company’s higher share price, but the company’s strong operating execution has enabled margin expansion that has also helped to increase forward earnings estimates. We believe Microsoft’s subscription-based software offerings and cloud computing services have a durable growth profile because they enhance customers’ growth initiatives and help them to diminish costs. Additionally, investors appreciate Microsoft’s strong free cash flow generation and its return of cash to shareholders in the form of dividends and share repurchases.”