MicroStrategy (MSTR) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “MicroStrategy Incorporated, a leading worldwide provider of business intelligence software, today announced that GT Nexus has selected MicroStrategy to power the customer-facing analytics and reporting capabilities on its Global Logistics portal. The GT Nexus portal is an on demand technology platform that is used by importers, exporters, transportation carriers, suppliers, banks, and other partners to manage goods that are moving around the world. The GT Nexus system captures and stores hard-to-get data associated with global supply chains, and then fuels a range of Web applications that can be used by constituents to lower supply chain costs and improve control. MicroStrategy will help GT Nexus to deliver a wide range of analytics and reporting capabilities to its customers, which include Home Depot, Kmart, Xerox, Weyerhaeuser, and American Eagle Outfitters. “

MSTR has been the subject of several other reports. Mizuho decreased their price objective on MicroStrategy from $220.00 to $200.00 and set a buy rating for the company in a report on Friday, October 27th. BidaskClub downgraded MicroStrategy from a hold rating to a sell rating in a report on Thursday, December 7th. Finally, Citigroup restated a hold rating and issued a $133.00 price objective (down from $191.00) on shares of MicroStrategy in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $155.75.

MicroStrategy (NASDAQ MSTR) traded up $2.13 during mid-day trading on Wednesday, hitting $140.98. The company had a trading volume of 72,516 shares, compared to its average volume of 50,047. The company has a market capitalization of $1,613.80, a P/E ratio of 21.72 and a beta of 0.66. MicroStrategy has a 12-month low of $122.90 and a 12-month high of $205.96.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, October 26th. The software maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.56. The firm had revenue of $125.20 million during the quarter, compared to the consensus estimate of $125.78 million. MicroStrategy had a return on equity of 12.90% and a net margin of 14.81%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.90 earnings per share. sell-side analysts forecast that MicroStrategy will post 5.06 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in MSTR. Schwab Charles Investment Management Inc. raised its holdings 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 worth $7,746,000 after purchasing an additional 356 shares in the last quarter. Swiss National Bank raised its holdings in MicroStrategy by 3.2% in the second quarter. Swiss National Bank now owns 15,900 shares of the software maker’s stock worth $3,048,000 after purchasing an additional 500 shares in the last quarter. Wells Fargo & Company MN raised its holdings in MicroStrategy by 60.4% in the second quarter. Wells Fargo & Company MN now owns 69,276 shares of the software maker’s stock worth $13,279,000 after purchasing an additional 26,086 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in MicroStrategy by 108.3% in the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock worth $160,000 after purchasing an additional 433 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in MicroStrategy by 2.9% in the second quarter. TIAA CREF Investment Management LLC now owns 169,372 shares of the software maker’s stock worth $32,464,000 after purchasing an additional 4,840 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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