Zacks: Micro Focus International PLC – (MFGP) Receives Consensus Recommendation of “Strong Buy” from Analysts

Micro Focus International PLC – (NYSE:MFGP) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Zacks has also assigned Micro Focus International an industry rank of 108 out of 255 based on the ratings given to its competitors.

Several equities research analysts have recently commented on the company. ValuEngine downgraded Micro Focus International from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Canaccord Genuity upgraded Micro Focus International to a “buy” rating in a report on Thursday, May 17th. Zacks Investment Research downgraded Micro Focus International from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. Finally, Credit Suisse Group restated an “underperform” rating on shares of Micro Focus International in a report on Monday, July 16th.



MFGP stock traded down $0.03 during mid-day trading on Friday, reaching $16.09. The company’s stock had a trading volume of 790,580 shares, compared to its average volume of 1,002,526. Micro Focus International has a 12 month low of $12.67 and a 12 month high of $36.21.

The business also recently announced a special dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 3rd will be given a dividend of $0.5833 per share. This is a boost from Micro Focus International’s previous special dividend of $0.35. The ex-dividend date of this dividend is Thursday, August 2nd.

Large investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC purchased a new position in shares of Micro Focus International during the fourth quarter valued at approximately $125,000. Envestnet Asset Management Inc. purchased a new position in shares of Micro Focus International during the fourth quarter valued at approximately $279,000. Ladenburg Thalmann Financial Services Inc. purchased a new position in shares of Micro Focus International during the fourth quarter valued at approximately $303,000. LPL Financial LLC purchased a new position in shares of Micro Focus International during the fourth quarter valued at approximately $312,000. Finally, Geode Capital Management LLC purchased a new position in shares of Micro Focus International during the fourth quarter valued at approximately $326,000. 22.42% of the stock is currently owned by institutional investors.

Micro Focus International Company Profile

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.

Further Reading: Leveraged Buyout (LBO) Explained

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