MicroStrategy Incorporated (NASDAQ:MSTR) – Analysts at First Analysis cut their Q3 2017 earnings per share (EPS) estimates for shares of MicroStrategy in a research note issued on Sunday. First Analysis analyst F. Sparacino now expects that the software maker will post earnings of $1.05 per share for the quarter, down from their prior forecast of $1.83. First Analysis has a “Equal Weight” rating and a $140.00 price objective on the stock. First Analysis also issued estimates for MicroStrategy’s Q4 2017 earnings at $1.25 EPS, FY2017 earnings at $4.54 EPS, Q1 2018 earnings at $0.76 EPS, Q2 2018 earnings at $0.66 EPS and FY2018 earnings at $2.64 EPS.
Several other research firms have also issued reports on MSTR. Benchmark Co. began coverage on shares of MicroStrategy in a research report on Thursday, April 27th. They issued a “hold” rating on the stock. BidaskClub upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 1st. Deutsche Bank AG lowered shares of MicroStrategy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $220.00 to $180.00 in a research report on Friday, July 28th. Finally, Mizuho restated a “buy” rating and issued a $220.00 price target on shares of MicroStrategy in a research report on Sunday, April 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $191.00.
Shares of MicroStrategy (MSTR) opened at 136.28 on Wednesday. The firm has a market cap of $1.56 billion, a PE ratio of 18.82 and a beta of 0.88. The firm’s 50-day moving average price is $182.09 and its 200-day moving average price is $187.57. MicroStrategy has a one year low of $133.19 and a one year high of $207.28.
MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by $0.64. The company had revenue of $120.61 million for the quarter, compared to analyst estimates of $125.18 million. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. MicroStrategy’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 EPS.
In other MicroStrategy news, EVP Wei-Ming Shao sold 2,400 shares of MicroStrategy stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $183.54, for a total value of $440,496.00. Following the transaction, the executive vice president now owns 1,005 shares in the company, valued at $184,457.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 21.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in MicroStrategy by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,411 shares of the software maker’s stock valued at $7,746,000 after buying an additional 356 shares during the last quarter. Anchor Capital Advisors LLC purchased a new position in MicroStrategy during the second quarter valued at $14,306,000. Sei Investments Co. boosted its position in MicroStrategy by 13.6% in the second quarter. Sei Investments Co. now owns 21,579 shares of the software maker’s stock valued at $4,136,000 after buying an additional 2,578 shares during the last quarter. Texas Permanent School Fund boosted its position in MicroStrategy by 0.9% in the second quarter. Texas Permanent School Fund now owns 6,868 shares of the software maker’s stock valued at $1,316,000 after buying an additional 62 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in MicroStrategy by 1.6% in the second quarter. Bessemer Group Inc. now owns 12,500 shares of the software maker’s stock valued at $2,396,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.
MicroStrategy Company Profile
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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