SRS Capital Advisors Inc. Raises Position in MicroStrategy Incorporated (NASDAQ:MSTR)

SRS Capital Advisors Inc. boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 761.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 543 shares of the software maker’s stock after purchasing an additional 480 shares during the period. SRS Capital Advisors Inc.’s holdings in MicroStrategy were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of MicroStrategy by 107.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 742 shares of the software maker’s stock valued at $225,000 after buying an additional 384 shares during the last quarter. Capital Wealth Planning LLC lifted its holdings in MicroStrategy by 352.8% during the fourth quarter. Capital Wealth Planning LLC now owns 1,037 shares of the software maker’s stock valued at $300,000 after purchasing an additional 808 shares during the last quarter. Metis Global Partners LLC lifted its holdings in MicroStrategy by 78.7% during the fourth quarter. Metis Global Partners LLC now owns 3,573 shares of the software maker’s stock valued at $1,035,000 after purchasing an additional 1,573 shares during the last quarter. West Michigan Advisors LLC bought a new position in MicroStrategy during the fourth quarter worth about $230,000. Finally, US Bancorp DE increased its stake in shares of MicroStrategy by 178.2% in the fourth quarter. US Bancorp DE now owns 11,837 shares of the software maker’s stock worth $3,428,000 after purchasing an additional 7,582 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSTR has been the topic of a number of recent research reports. Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Canaccord Genuity Group reduced their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Cantor Fitzgerald lifted their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $308.55 on Thursday. The stock has a market cap of $79.41 billion, a P/E ratio of -54.78 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $328.15 and its two-hundred day moving average price is $275.23. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.