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. “
MFGP has been the subject of several other reports. Exane BNP Paribas lowered Micro Focus International from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 10th. BNP Paribas lowered Micro Focus International from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 10th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.63.
Shares of NYSE:MFGP opened at $7.35 on Thursday. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 4.77 and a beta of 2.53. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.86 and a current ratio of 0.86. Micro Focus International has a 12-month low of $2.78 and a 12-month high of $8.19. The stock’s fifty day moving average is $7.20.
Several hedge funds have recently bought and sold shares of MFGP. Optiver Holding B.V. bought a new stake in Micro Focus International in the 1st quarter valued at about $24,466,000. Renaissance Technologies LLC increased its position in Micro Focus International by 96.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,438,965 shares of the company’s stock valued at $8,216,000 after buying an additional 706,700 shares in the last quarter. Ingalls & Snyder LLC increased its position in Micro Focus International by 4.3% in the 1st quarter. Ingalls & Snyder LLC now owns 418,896 shares of the company’s stock valued at $3,217,000 after buying an additional 17,436 shares in the last quarter. JPMorgan Chase & Co. increased its position in Micro Focus International by 2,199.8% in the 1st quarter. JPMorgan Chase & Co. now owns 181,961 shares of the company’s stock valued at $1,398,000 after buying an additional 174,049 shares in the last quarter. Finally, US Bancorp DE increased its position in Micro Focus International by 17.9% in the 4th quarter. US Bancorp DE now owns 176,983 shares of the company’s stock valued at $1,011,000 after buying an additional 26,810 shares in the last quarter. 14.49% of the stock is owned by hedge funds and other institutional investors.
Micro Focus International Company Profile
Micro Focus International plc engages in the enterprise software business in the United Kingdom, the United States, Germany, Canada, France, Japan, and internationally. The company offers infrastructure software products that are managed on a portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, IT operations management, security and information management, and governance.
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