Empower Advisory Group LLC Purchases 571 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Empower Advisory Group LLC lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 41.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,942 shares of the software maker’s stock after acquiring an additional 571 shares during the period. Empower Advisory Group LLC’s holdings in MicroStrategy were worth $562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSTR. GPS Wealth Strategies Group LLC raised its holdings in shares of MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Masso Torrence Wealth Management Inc. raised its holdings in shares of MicroStrategy by 1.8% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after purchasing an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares during the last quarter. Finally, Means Investment CO. Inc. raised its holdings in shares of MicroStrategy by 2.2% during the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock valued at $915,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Maxim Group upped their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $318.67 on Thursday. The firm has a fifty day moving average price of $345.85 and a 200-day moving average price of $265.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market cap of $76.37 billion, a PE ratio of -56.57 and a beta of 3.25. MicroStrategy Incorporated has a 1 year low of $66.43 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

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.