FY2017 EPS Estimates for MicroStrategy Incorporated (MSTR) Raised by Analyst

MicroStrategy Incorporated (NASDAQ:MSTR) – Equities researchers at First Analysis raised their FY2017 EPS estimates for MicroStrategy in a report released on Wednesday. First Analysis analyst F. Sparacino now anticipates that the software maker will post earnings of $5.06 per share for the year, up from their prior estimate of $4.54. First Analysis also issued estimates for MicroStrategy’s Q3 2018 earnings at $0.46 EPS.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, October 26th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.56. MicroStrategy had a net margin of 14.81% and a return on equity of 12.90%. The firm had revenue of $125.20 million for the quarter, compared to the consensus estimate of $125.78 million. During the same quarter in the prior year, the company posted $2.90 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year.

A number of other brokerages have also commented on MSTR. Mizuho dropped their target price on MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Finally, BidaskClub lowered MicroStrategy from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $155.75.

MicroStrategy (MSTR) opened at $140.98 on Monday. MicroStrategy has a fifty-two week low of $122.90 and a fifty-two week high of $205.96. The stock has a market cap of $1,613.80, a PE ratio of 21.72 and a beta of 0.66.

A number of institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in MicroStrategy in the 4th quarter worth approximately $1,474,000. Schwab Charles Investment Management Inc. boosted its position in MicroStrategy by 5.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 43,604 shares of the software maker’s stock worth $5,726,000 after purchasing an additional 2,083 shares in the last quarter. California Public Employees Retirement System boosted its position in MicroStrategy by 5.5% in the 3rd quarter. California Public Employees Retirement System now owns 27,018 shares of the software maker’s stock worth $3,450,000 after purchasing an additional 1,418 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in MicroStrategy in the 3rd quarter worth approximately $817,000. Finally, Janus Henderson Group PLC boosted its position in MicroStrategy by 78.3% in the 3rd quarter. Janus Henderson Group PLC now owns 192,916 shares of the software maker’s stock worth $24,637,000 after purchasing an additional 84,721 shares in the last quarter. Institutional investors and hedge funds own 74.28% of the company’s stock.

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About MicroStrategy

MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.

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