Meyer Handelman Co. Sells 22,301 Shares of Micro Focus International PLC – (MFGP)

Meyer Handelman Co. decreased its holdings in Micro Focus International PLC – (NYSE:MFGP) by 54.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 18,413 shares of the company’s stock after selling 22,301 shares during the period. Meyer Handelman Co.’s holdings in Micro Focus International were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Ingalls & Snyder LLC raised its stake in shares of Micro Focus International by 41.6% in the 3rd quarter. Ingalls & Snyder LLC now owns 741,170 shares of the company’s stock valued at $13,697,000 after buying an additional 217,651 shares in the last quarter. BB&T Corp raised its stake in shares of Micro Focus International by 14.6% in the 3rd quarter. BB&T Corp now owns 24,827 shares of the company’s stock valued at $459,000 after buying an additional 3,161 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Micro Focus International in the 3rd quarter valued at $143,000. Horrell Capital Management Inc. raised its stake in shares of Micro Focus International by 56.3% in the 3rd quarter. Horrell Capital Management Inc. now owns 125,000 shares of the company’s stock valued at $2,310,000 after buying an additional 45,000 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Micro Focus International by 33.2% in the 2nd quarter. Northern Trust Corp now owns 876,175 shares of the company’s stock valued at $15,132,000 after buying an additional 218,210 shares in the last quarter. Institutional investors own 22.83% of the company’s stock.

Shares of MFGP stock opened at $16.60 on Friday. Micro Focus International PLC – has a 52-week low of $12.67 and a 52-week high of $36.21.

MFGP has been the subject of a number of recent research reports. Credit Suisse Group restated an “underperform” rating on shares of Micro Focus International in a research note on Monday, July 16th. ValuEngine cut shares of Micro Focus International from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Micro Focus International has an average rating of “Hold” and a consensus price target of $16.00.

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About Micro Focus International

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.

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Institutional Ownership by Quarter for Micro Focus International (NYSE:MFGP)

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