Schwab Charles Investment Management Inc. lifted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,604 shares of the software maker’s stock after acquiring an additional 2,083 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.38% of MicroStrategy worth $5,726,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MSTR. Nationwide Fund Advisors increased its stake in shares of MicroStrategy by 6.8% in the third quarter. Nationwide Fund Advisors now owns 18,528 shares of the software maker’s stock worth $2,366,000 after acquiring an additional 1,182 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of MicroStrategy in the third quarter worth $290,000. BNP Paribas Arbitrage SA increased its stake in shares of MicroStrategy by 86.5% in the third quarter. BNP Paribas Arbitrage SA now owns 6,064 shares of the software maker’s stock worth $774,000 after acquiring an additional 2,813 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of MicroStrategy by 59.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the software maker’s stock worth $451,000 after acquiring an additional 1,310 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of MicroStrategy by 2.2% in the third quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $2,640,000 after acquiring an additional 444 shares during the period. Hedge funds and other institutional investors own 74.82% of the company’s stock.
A number of research firms have recently weighed in on MSTR. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Mizuho restated a “buy” rating and set a $200.00 price target on shares of MicroStrategy in a research report on Wednesday, January 17th. Finally, BidaskClub lowered shares of MicroStrategy from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $155.75.
MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, January 25th. The software maker reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.17. The company had revenue of $138.10 million for the quarter, compared to analyst estimates of $132.91 million. MicroStrategy had a net margin of 3.50% and a return on equity of 10.43%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $2.69 earnings per share. research analysts forecast that MicroStrategy Incorporated will post 2.18 earnings per share for the current fiscal year.
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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