State Board of Administration of Florida Retirement System maintained its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,447 shares of the software maker’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in MicroStrategy were worth $483,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in MicroStrategy by 8.1% in the third quarter. BlackRock Fund Advisors now owns 673,262 shares of the software maker’s stock valued at $112,731,000 after buying an additional 50,346 shares during the period. River Road Asset Management LLC acquired a new position in MicroStrategy during the third quarter valued at about $18,338,000. Ameriprise Financial Inc. boosted its position in MicroStrategy by 15.1% in the third quarter. Ameriprise Financial Inc. now owns 106,206 shares of the software maker’s stock valued at $17,782,000 after buying an additional 13,945 shares during the period. Rothschild Asset Management Inc. boosted its position in MicroStrategy by 6.0% in the third quarter. Rothschild Asset Management Inc. now owns 98,576 shares of the software maker’s stock valued at $16,506,000 after buying an additional 5,548 shares during the period. Finally, Perkins Investment Management LLC boosted its position in MicroStrategy by 119.9% in the third quarter. Perkins Investment Management LLC now owns 93,668 shares of the software maker’s stock valued at $15,684,000 after buying an additional 51,074 shares during the period. 79.06% of the stock is currently owned by institutional investors and hedge funds.
MicroStrategy Incorporated (NASDAQ:MSTR) traded up 1.17% during midday trading on Thursday, hitting $188.11. The company had a trading volume of 56,718 shares. MicroStrategy Incorporated has a 52 week low of $161.90 and a 52 week high of $207.28. The company has a market capitalization of $2.15 billion, a P/E ratio of 23.84 and a beta of 1.17. The stock has a 50 day moving average price of $187.20 and a 200 day moving average price of $190.82.
MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Tuesday, January 31st. The software maker reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. The firm had revenue of $140.10 million for the quarter, compared to analyst estimates of $141.05 million. MicroStrategy had a return on equity of 17.92% and a net margin of 17.75%. MicroStrategy’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.38 earnings per share. Equities analysts forecast that MicroStrategy Incorporated will post $7.38 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://sportsperspectives.com/2017/04/21/state-board-of-administration-of-florida-retirement-system-holds-position-in-microstrategy-incorporated-mstr-updated.html.
Several research firms have recently issued reports on MSTR. Citigroup Inc cut MicroStrategy from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 24th. Mizuho reissued an “in-line” rating and set a $220.00 target price on shares of MicroStrategy in a research note on Wednesday, February 1st. Finally, Zacks Investment Research cut MicroStrategy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $219.50.
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.
Receive News & Ratings for MicroStrategy Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.