MicroStrategy (NASDAQ:MSTR) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a strong sell rating in a report published on Friday morning, Zacks.com reports.

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. “

Other equities research analysts also recently issued research reports about the company. BidaskClub raised Westport Fuel Systems from a hold rating to a buy rating in a report on Friday. ValuEngine downgraded Intersect ENT from a buy rating to a hold rating in a report on Monday, July 8th.

Shares of NASDAQ MSTR opened at $123.62 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $136.15. MicroStrategy has a 1-year low of $115.50 and a 1-year high of $152.38. The firm has a market capitalization of $1.26 billion, a P/E ratio of 72.72 and a beta of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.98). MicroStrategy had a return on equity of 1.73% and a net margin of 2.64%. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $123.46 million. During the same period in the prior year, the business earned $0.15 earnings per share. MicroStrategy’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, research analysts expect that MicroStrategy will post 0.84 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in MicroStrategy by 48.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 253 shares of the software maker’s stock valued at $32,000 after acquiring an additional 82 shares during the period. Brandes Investment Partners LP increased its position in shares of MicroStrategy by 1.5% in the first quarter. Brandes Investment Partners LP now owns 6,412 shares of the software maker’s stock valued at $925,000 after buying an additional 92 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of MicroStrategy by 40.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 658 shares of the software maker’s stock valued at $84,000 after buying an additional 190 shares in the last quarter. Texas Permanent School Fund increased its position in shares of MicroStrategy by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 6,172 shares of the software maker’s stock valued at $788,000 after buying an additional 237 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of MicroStrategy by 19.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,068 shares of the software maker’s stock valued at $298,000 after buying an additional 333 shares in the last quarter. 74.09% of the stock is owned by institutional investors.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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