Mackenzie Financial Corp Grows Stake in Strategy Incorporated (NASDAQ:MSTR)

Mackenzie Financial Corp grew its position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 72.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,460 shares of the software maker's stock after purchasing an additional 5,639 shares during the period. Mackenzie Financial Corp's holdings in Strategy were worth $3,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in Strategy in the fourth quarter worth about $81,783,000. Clarity Capital Partners LLC grew its position in Strategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after acquiring an additional 13,817 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Strategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after acquiring an additional 97,515 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in Strategy in the fourth quarter worth about $850,000. Finally, Crew Capital Management Ltd. purchased a new position in Strategy in the fourth quarter worth about $333,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Mizuho started coverage on Strategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. BTIG Research reissued a "buy" rating on shares of Strategy in a research note on Wednesday, May 14th. UBS Group reissued a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Keefe, Bruyette & Woods started coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Strategy in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Insider Activity

In related news, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares of the company's stock, valued at $2,569,952.35. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares of the company's stock, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 18,000 shares of company stock valued at $1,693,800 and sold 47,486 shares valued at $16,456,090. Insiders own 9.16% of the company's stock.

Strategy Trading Up 1.8%

Shares of Strategy stock traded up $6.38 on Thursday, hitting $370.63. 10,172,094 shares of the company traded hands, compared to its average volume of 18,161,635. The stock's 50 day moving average price is $347.85 and its 200-day moving average price is $342.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The company has a market cap of $101.33 billion, a PE ratio of -65.80 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the firm posted ($0.83) EPS. The business's revenue was down 3.6% on a year-over-year basis.

About Strategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.