Miller Financial Services LLC Acquires Shares of 2,303 MicroStrategy Incorporated (NASDAQ:MSTR)

Miller Financial Services LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,303 shares of the software maker's stock, valued at approximately $667,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Citizens Financial Group Inc. RI purchased a new stake in shares of MicroStrategy during the 4th quarter valued at $234,000. Sage Mountain Advisors LLC purchased a new stake in MicroStrategy during the fourth quarter valued at about $628,000. Vista Investment Partners II LLC bought a new stake in MicroStrategy during the fourth quarter worth about $4,913,000. Independent Advisor Alliance boosted its holdings in shares of MicroStrategy by 32.8% in the 4th quarter. Independent Advisor Alliance now owns 52,985 shares of the software maker's stock worth $15,346,000 after purchasing an additional 13,092 shares in the last quarter. Finally, Johnson Investment Counsel Inc. bought a new position in shares of MicroStrategy during the 4th quarter valued at about $933,000. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Trading Up 0.7 %

Shares of NASDAQ MSTR traded up $1.70 during trading hours on Wednesday, hitting $262.29. The company's stock had a trading volume of 11,370,209 shares, compared to its average volume of 18,760,515. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The stock has a market cap of $67.50 billion, a price-to-earnings ratio of -46.43 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. The business has a 50-day simple moving average of $323.71 and a 200-day simple moving average of $280.20.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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 recently weighed in on the company. Benchmark reissued a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. BTIG Research increased their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $536.90.

About MicroStrategy

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.