Micro Focus International (MFGP) Downgraded by Barclays to “Equal Weight”

Barclays lowered shares of Micro Focus International (NYSE:MFGP) from an overweight rating to an equal weight rating in a research note issued to investors on Friday morning, Benzinga reports. Barclays currently has $25.37 price objective on the stock.

A number of other equities research analysts have also weighed in on the company. Goldman Sachs Group lowered Micro Focus International from a buy rating to a neutral rating in a research note on Monday, January 28th. Zacks Investment Research upgraded Micro Focus International from a hold rating to a buy rating and set a $27.00 price objective for the company in a research note on Thursday, February 21st. Finally, Citigroup lowered Micro Focus International from a neutral rating to a sell rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $26.19.

MFGP stock opened at $25.29 on Friday. Micro Focus International has a 1 year low of $14.73 and a 1 year high of $27.32.

The firm also recently disclosed a special dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 1st were paid a dividend of $0.5833 per share. The ex-dividend date of this dividend was Thursday, February 28th.

Large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in Micro Focus International by 173.7% during the 4th quarter. CWM LLC now owns 1,571 shares of the company’s stock worth $27,000 after buying an additional 997 shares during the last quarter. Synovus Financial Corp lifted its holdings in Micro Focus International by 44.2% during the 4th quarter. Synovus Financial Corp now owns 1,840 shares of the company’s stock worth $31,000 after buying an additional 564 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in Micro Focus International during the 4th quarter worth approximately $49,000. Bessemer Group Inc. lifted its holdings in Micro Focus International by 73.4% during the 4th quarter. Bessemer Group Inc. now owns 4,353 shares of the company’s stock worth $75,000 after buying an additional 1,843 shares during the last quarter. Finally, TD Asset Management Inc. bought a new position in Micro Focus International during the 4th quarter worth approximately $175,000. 17.56% 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 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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