Mercer Global Advisors Inc. ADV Increases Position in Strategy Incorporated (NASDAQ:MSTR)

Mercer Global Advisors Inc. ADV boosted its holdings in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,926 shares of the software maker's stock after buying an additional 5,464 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Strategy were worth $13,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Strategy during the fourth quarter worth about $523,981,000. Amundi grew its holdings in Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after acquiring an additional 413,028 shares during the last quarter. First Trust Advisors LP increased its position in Strategy by 266.1% in the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after acquiring an additional 303,517 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Strategy during the fourth quarter valued at $81,783,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after purchasing an additional 281,342 shares during the period. Institutional investors own 59.84% of the company's stock.

Insider Transactions at Strategy

In related news, CFO Andrew Kang purchased 1,500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company's stock, valued at $127,500. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 3,100 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $365.33, for a total value of $1,132,523.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company's stock, valued at $1,815,690.10. The trade was a 38.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 37,798 shares valued at $12,535,866. 9.16% of the stock is currently owned by insiders.

Strategy Stock Down 2.0 %

Strategy stock traded down $7.84 during mid-day trading on Monday, reaching $386.53. The stock had a trading volume of 14,360,244 shares, compared to its average volume of 18,024,460. The firm has a market capitalization of $99.47 billion, a PE ratio of -68.62 and a beta of 3.79. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The stock's 50-day simple moving average is $304.20 and its 200-day simple moving average is $323.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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 (EPS) 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 business had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same period in the previous year, the business posted ($0.83) EPS. The business's revenue for the quarter was down 3.6% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of recent research reports. Cantor Fitzgerald decreased their price objective on Strategy from $619.00 to $614.00 and set an "overweight" rating for the company in a report on Monday. Keefe, Bruyette & Woods started coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. Barclays lifted their price objective on Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday. Compass Point raised shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Maxim Group upped their price objective on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Strategy currently has a consensus rating of "Moderate Buy" and an average price target of $514.42.

Strategy Company Profile

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.