American Century Companies Inc. cut its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 23.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,838 shares of the software maker’s stock after selling 2,754 shares during the quarter. American Century Companies Inc.’s holdings in MicroStrategy were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp acquired a new stake in shares of MicroStrategy in the second quarter valued at $307,000. Quantitative Systematic Strategies LLC purchased a new position in MicroStrategy in the fourth quarter valued at $263,000. Crossmark Global Holdings Inc. purchased a new position in MicroStrategy in the third quarter valued at $290,000. SG Americas Securities LLC boosted its holdings in MicroStrategy by 93.5% in the third quarter. SG Americas Securities LLC now owns 2,367 shares of the software maker’s stock valued at $302,000 after purchasing an additional 1,144 shares during the period. Finally, Nine Chapters Capital Management LLC purchased a new position in MicroStrategy in the third quarter valued at $319,000. 75.65% of the stock is owned by institutional investors and hedge funds.
MSTR has been the subject of a number of recent research reports. Mizuho reiterated a “buy” rating and issued a $200.00 target price on shares of MicroStrategy in a report on Wednesday, January 17th. BidaskClub lowered MicroStrategy from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Two equities research 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’s stock. The stock has an average rating of “Hold” and an average price target of $155.75.
MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, January 25th. The software maker reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.17. The firm had revenue of $138.10 million during the quarter, compared to analyst estimates of $132.91 million. MicroStrategy had a return on equity of 10.43% and a net margin of 3.50%. MicroStrategy’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $2.69 earnings per share. analysts expect that MicroStrategy Incorporated will post 2.18 EPS for the current fiscal year.
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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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