Shares of Micro Focus International PLC – (NYSE:MFGP) have been assigned an average rating of “Sell” from the five analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.37.
Several research firms have commented on MFGP. Goldman Sachs Group cut shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research report on Tuesday. Barclays set a $14.00 target price on shares of Vale and gave the stock a “buy” rating in a research report on Friday, April 12th. Zacks Investment Research cut shares of Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Finally, Citigroup set a $20.00 price objective on shares of Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a report on Thursday, April 4th.
NYSE MFGP traded down $0.39 on Friday, hitting $20.44. The stock had a trading volume of 257,246 shares, compared to its average volume of 428,832. Micro Focus International has a one year low of $14.73 and a one year high of $27.32. The firm’s 50-day simple moving average is $24.55.
Several institutional investors have recently bought and sold shares of MFGP. Norges Bank bought a new position in shares of Micro Focus International in the fourth quarter valued at approximately $43,845,000. OLD Mission Capital LLC boosted its holdings in shares of Micro Focus International by 883.0% in the fourth quarter. OLD Mission Capital LLC now owns 624,553 shares of the company’s stock valued at $10,749,000 after acquiring an additional 561,019 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Micro Focus International by 413.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,498 shares of the company’s stock valued at $10,696,000 after acquiring an additional 500,455 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Micro Focus International by 689.2% in the fourth quarter. Jane Street Group LLC now owns 254,785 shares of the company’s stock valued at $4,385,000 after acquiring an additional 222,499 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Micro Focus International by 13.4% in the first quarter. Parametric Portfolio Associates LLC now owns 713,461 shares of the company’s stock valued at $18,400,000 after acquiring an additional 84,069 shares in the last quarter. Institutional investors and hedge funds own 20.26% of the company’s stock.
Micro Focus International Company Profile
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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