Zacks Investment Research Downgrades Micro Focus International (NYSE:MFGP) to Strong Sell

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Zacks Investment Research cut shares of Micro Focus International (NYSE:MFGP) from a hold rating to a strong sell rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Micro Focus International plc is an infrastructure software company which develops, sells and supports software products and solutions. The Company’s products include Access Manager, Access Review, AccuRev, AccuSync, Acu4GL, AcuBench, ACUCOBOL-GT, AcuConnect, AcuServer, AcuSQL, AcuXDBC, Aegis, AppManager, Artix, Atlas, Business Continuity Clustering, Caliber, Client for Windows, Cloud Manager and CloudAccess. It principally serves federal, airlines and healthcare industries. The company operates primarily in the United Kingdom, the United States, Germany, France, Japan and internationally. Micro Focus International plc is headquartered in Newbury, the United Kingdom. “

A number of other research firms have also commented on MFGP. ValuEngine upgraded Micro Focus International from a hold rating to a buy rating in a research report on Tuesday, February 4th. Goldman Sachs Group upgraded Micro Focus International from a sell rating to a neutral rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group reduced their price target on Micro Focus International to $11.00 and set a hold rating on the stock in a research report on Tuesday, February 4th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average price target of $21.12.

NYSE MFGP opened at $10.40 on Tuesday. The business’s 50-day moving average price is $13.27 and its two-hundred day moving average price is $14.68. Micro Focus International has a 12 month low of $9.73 and a 12 month high of $27.32. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.75.

The company also recently declared a semi-annual dividend, which will be paid on Thursday, May 14th. Investors of record on Tuesday, April 14th will be paid a dividend of $0.5833 per share. This is an increase from Micro Focus International’s previous semi-annual dividend of $0.56. This represents a yield of 12.5%. The ex-dividend date is Monday, April 13th.

A number of hedge funds have recently bought and sold shares of MFGP. NEXT Financial Group Inc raised its stake in shares of Micro Focus International by 2,323.7% in the fourth quarter. NEXT Financial Group Inc now owns 3,175 shares of the company’s stock worth $44,000 after purchasing an additional 3,044 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Micro Focus International in the fourth quarter worth approximately $62,000. Tower Research Capital LLC TRC raised its stake in shares of Micro Focus International by 78.2% in the third quarter. Tower Research Capital LLC TRC now owns 6,437 shares of the company’s stock worth $91,000 after purchasing an additional 2,825 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Micro Focus International by 72.1% in the fourth quarter. Advisor Group Inc. now owns 6,770 shares of the company’s stock worth $95,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Micro Focus International in the fourth quarter worth approximately $108,000. 15.87% of the stock is currently owned by institutional investors and hedge funds.

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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