Micro Focus International (NYSE:MFGP) Upgraded to Equal Weight at Barclays

Barclays upgraded shares of Micro Focus International (NYSE:MFGP) from an underweight rating to an equal weight rating in a report released on Thursday morning, Briefing.com Automated Import reports.

Several other research analysts have also recently commented on MFGP. Jefferies Financial Group assumed coverage on Micro Focus International in a research note on Monday, July 22nd. They set a hold rating and a $21.00 target price for the company. Zacks Investment Research raised Micro Focus International from a sell rating to a hold rating in a research note on Wednesday, September 25th. Goldman Sachs Group cut Micro Focus International from a neutral rating to a sell rating in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. raised Micro Focus International from an underweight rating to a neutral rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Micro Focus International has an average rating of Hold and an average price target of $24.46.

MFGP traded up $0.45 on Thursday, hitting $13.67. 21,781 shares of the company were exchanged, compared to its average volume of 911,583. Micro Focus International has a twelve month low of $12.50 and a twelve month high of $27.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $14.54 and a two-hundred day moving average price of $21.42.



A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFGP. Invesco Ltd. grew its stake in Micro Focus International by 21.3% during the 2nd quarter. Invesco Ltd. now owns 814,714 shares of the company’s stock worth $21,337,000 after purchasing an additional 143,197 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Micro Focus International during the 2nd quarter worth about $1,108,000. Renaissance Technologies LLC acquired a new position in shares of Micro Focus International during the 2nd quarter worth about $829,000. Freestone Capital Holdings LLC acquired a new position in shares of Micro Focus International during the 2nd quarter worth about $747,000. Finally, Morgan Stanley boosted its position in shares of Micro Focus International by 26.8% during the 2nd quarter. Morgan Stanley now owns 122,027 shares of the company’s stock worth $3,195,000 after acquiring an additional 25,763 shares in the last quarter. 16.06% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Micro Focus International (NYSE:MFGP)

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