A number of other research analysts have also recently issued reports on MCRO. Canaccord Genuity increased their target price on shares of Micro Focus International plc from GBX 2,700 ($34.87) to GBX 2,880 ($37.19) and gave the company a buy rating in a report on Thursday, May 11th. Barclays PLC reaffirmed an overweight rating and issued a GBX 2,600 ($33.58) target price on shares of Micro Focus International plc in a report on Friday, June 2nd. Numis Securities Ltd reaffirmed a not rated rating on shares of Micro Focus International plc in a report on Friday, June 2nd. Citigroup Inc. cut shares of Micro Focus International plc to a neutral rating and set a GBX 2,560 ($33.06) target price for the company. in a report on Wednesday, June 14th. Finally, Credit Suisse Group reaffirmed an underperform rating and issued a GBX 1,922 ($24.82) target price on shares of Micro Focus International plc in a report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 2,488.10 ($32.13).
Shares of Micro Focus International plc (LON MCRO) opened at 2362.00 on Friday. The firm’s 50-day moving average price is GBX 2,379.30 and its 200 day moving average price is GBX 2,495.28. Micro Focus International plc has a 1-year low of GBX 1,944.00 and a 1-year high of GBX 2,675.00. The stock’s market capitalization is GBX 5.42 billion.
Micro Focus International plc (LON:MCRO) last issued its earnings results on Wednesday, July 12th. The company reported $1.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.76. Micro Focus International plc had a net margin of 9.65% and a return on equity of 8.40%. Equities research analysts expect that Micro Focus International plc will post $1.73 earnings per share for the current fiscal year.
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The firm also recently disclosed a dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 3rd were paid a dividend of GBX 45.22 ($0.58) per share. This represents a dividend yield of 2.24%. This is a boost from Micro Focus International plc’s previous dividend of $23.60. The ex-dividend date of this dividend was Thursday, August 3rd.
In other Micro Focus International plc news, insider Kevin Loosemore acquired 49,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was acquired at an average cost of GBX 2,171 ($28.04) per share, with a total value of £1,063,790 ($1,373,873.18).
Micro Focus International plc Company Profile
Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications.
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