Micro Focus International PLC – (NYSE:MFGP) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $26.19.
A number of research analysts have recently issued reports on the stock. Barclays cut shares of Micro Focus International from an “overweight” rating to an “equal weight” rating and set a $25.37 target price for the company. in a research note on Friday, April 12th. Citigroup cut shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research note on Thursday, April 4th. Zacks Investment Research upgraded shares of Micro Focus International from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, February 21st. Finally, Goldman Sachs Group cut shares of Micro Focus International from a “buy” rating to a “neutral” rating in a research note on Monday, January 28th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFGP. Oppenheimer Asset Management Inc. grew its position in shares of Micro Focus International by 13.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 72,471 shares of the company’s stock worth $1,869,000 after purchasing an additional 8,654 shares in the last quarter. BB&T Corp lifted its holdings in shares of Micro Focus International by 22.7% during the 1st quarter. BB&T Corp now owns 29,035 shares of the company’s stock worth $749,000 after acquiring an additional 5,364 shares during the period. Investors Research Corp bought a new stake in shares of Micro Focus International during the 1st quarter worth approximately $94,000. Nkcfo LLC bought a new stake in shares of Micro Focus International during the 1st quarter worth approximately $28,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Micro Focus International during the 1st quarter worth approximately $225,000. 17.52% of the stock is owned by hedge funds and other institutional investors.
NYSE:MFGP opened at $24.59 on Monday. Micro Focus International has a 1 year low of $14.73 and a 1 year high of $27.32.
The firm also recently announced a special dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 1st were issued a dividend of $0.5833 per share. The ex-dividend date of this dividend was Thursday, February 28th.
About Micro Focus International
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.
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