Zacks Investment Research upgraded shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a strong-buy rating in a research report released on Wednesday morning. The brokerage currently has $140.00 target price on the software maker’s stock.
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. “
Several other analysts have also issued reports on MSTR. ValuEngine raised MicroStrategy from a sell rating to a hold rating in a report on Tuesday, July 31st. BidaskClub upgraded MicroStrategy from a hold rating to a buy rating in a research report on Friday, August 10th.
Shares of NASDAQ MSTR opened at $126.73 on Wednesday. MicroStrategy has a one year low of $120.26 and a one year high of $151.23. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.73 and a beta of 0.63.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, October 25th. The software maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates 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. Equities research analysts predict that MicroStrategy will post 2.82 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in shares of MicroStrategy by 525.3% during the 1st quarter. Royal Bank of Canada now owns 1,238 shares of the software maker’s stock worth $160,000 after buying an additional 1,040 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of MicroStrategy during the 2nd quarter worth $192,000. Bank of Montreal Can bought a new stake in shares of MicroStrategy during the 2nd quarter worth $194,000. Raymond James & Associates bought a new stake in shares of MicroStrategy during the 2nd quarter worth $201,000. Finally, Verition Fund Management LLC bought a new stake in shares of MicroStrategy during the 2nd quarter worth $223,000. Institutional investors and hedge funds 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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