Argent Advisors Inc. Acquires Shares of 8,500 MicroStrategy Incorporated (NASDAQ:MSTR)

Argent Advisors Inc. purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,500 shares of the software maker's stock, valued at approximately $2,462,000. MicroStrategy makes up approximately 0.9% of Argent Advisors Inc.'s portfolio, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of MSTR. Riverview Trust Co acquired a new position in shares of MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at $25,000. Sunbelt Securities Inc. boosted its stake in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after acquiring an additional 144 shares during the last quarter. Parkside Financial Bank & Trust increased its position in MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Aspect Partners LLC acquired a new position in MicroStrategy in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 59.84% of the company's stock.

MicroStrategy Stock Up 0.6 %

Shares of MSTR stock traded up $1.93 during trading hours on Friday, reaching $304.00. The company had a trading volume of 21,733,655 shares, compared to its average volume of 18,096,497. The stock's fifty day simple moving average is $317.59 and its 200 day simple moving average is $285.50. The company has a market capitalization of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MSTR shares. Maxim Group boosted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. BTIG Research increased their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Canaccord Genuity Group reduced their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $536.90.

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.