Micro Focus International PLC – (NYSE:MFGP) Receives Consensus Recommendation of “Sell” from Brokerages

Micro Focus International PLC – (NYSE:MFGP) has earned an average rating of “Sell” from the five brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $25.37.

A number of analysts recently weighed in on MFGP shares. Citigroup set a $20.00 price target on shares of Compania de Minas Buenaventura SAA and gave the stock a “buy” rating in a research report on Thursday, April 4th. Barclays set a $14.00 price target on shares of Vale and gave the stock a “buy” rating in a research report on Friday, April 12th. Goldman Sachs Group cut shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st.

Shares of NYSE MFGP traded down $0.39 during trading on Friday, hitting $20.44. 257,246 shares of the company traded hands, compared to its average volume of 428,832. Micro Focus International has a 1 year low of $14.73 and a 1 year high of $27.32. The stock has a 50-day moving average of $24.55.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, October 7th. Investors of record on Friday, September 6th will be given a dividend of $0.562 per share. The ex-dividend date is Thursday, September 5th.

A number of institutional investors have recently made changes to their positions in MFGP. Oppenheimer Asset Management Inc. boosted its position in Micro Focus International by 13.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 72,471 shares of the company’s stock valued at $1,869,000 after buying an additional 8,654 shares during the last quarter. Atlas Capital Advisors LLC boosted its position in Micro Focus International by 20.1% in the 1st quarter. Atlas Capital Advisors LLC now owns 3,421 shares of the company’s stock valued at $88,000 after buying an additional 572 shares during the last quarter. TD Asset Management Inc. boosted its position in Micro Focus International by 30.6% in the 1st quarter. TD Asset Management Inc. now owns 13,269 shares of the company’s stock valued at $342,000 after buying an additional 3,110 shares during the last quarter. BB&T Corp boosted its position in Micro Focus International by 22.7% in the 1st quarter. BB&T Corp now owns 29,035 shares of the company’s stock valued at $749,000 after buying an additional 5,364 shares during the last quarter. Finally, Investors Research Corp purchased a new position in Micro Focus International in the 1st quarter valued at about $94,000. 20.26% of the stock is owned by hedge funds and other institutional investors.

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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