Zacks Investment Research Upgrades MicroStrategy (MSTR) to “Strong-Buy”

MicroStrategy (NASDAQ:MSTR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $140.00 target price on the software maker’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.87% from the company’s previous close.

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. “

A number of other equities research analysts also recently commented on MSTR. ValuEngine upgraded shares of MicroStrategy from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. BidaskClub downgraded shares of MicroStrategy from a “buy” rating to a “hold” rating in a research report on Friday, September 28th.

NASDAQ MSTR opened at $124.04 on Wednesday. MicroStrategy has a 52-week low of $120.26 and a 52-week high of $151.23. The stock has a market cap of $1.40 billion, a P/E ratio of 23.23 and a beta of 0.64.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, October 25th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.22. MicroStrategy had a positive return on equity of 5.51% and a negative net margin of 1.39%. The firm had revenue of $122.15 million for the quarter, compared to analyst estimates of $126.61 million. As a group, analysts expect that MicroStrategy will post 1.42 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its position in MicroStrategy by 100.7% in the third quarter. Acadian Asset Management LLC now owns 44,922 shares of the software maker’s stock valued at $6,315,000 after purchasing an additional 22,539 shares during the period. Assenagon Asset Management S.A. acquired a new stake in MicroStrategy in the third quarter valued at about $12,082,000. Russell Investments Group Ltd. lifted its position in MicroStrategy by 154.4% in the third quarter. Russell Investments Group Ltd. now owns 55,778 shares of the software maker’s stock valued at $7,843,000 after purchasing an additional 33,856 shares during the period. Bank of New York Mellon Corp lifted its position in MicroStrategy by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 119,719 shares of the software maker’s stock valued at $15,294,000 after purchasing an additional 2,938 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in MicroStrategy in the second quarter valued at about $223,000. Hedge funds and other institutional investors own 74.44% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise software platforms worldwide. It offers MicroStrategy Analytics platform that delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management for various reporting, analysis, and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts that offers interactive reporting, dashboarding, and analysis through a Web browser; and MicroStrategy Desktop, an on-premise and single-user tool for easy-to-use self-service visual data discovery.

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