Micro Focus International (NYSE:MFGP) Lowered to Hold at Zacks Investment Research

Micro Focus International (NYSE:MFGP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, 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. “

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.

(Ad)

In today’s helter-skelter market, most investors would be happy with stocks yielding 4% or 5%. But they’d be setting their sights too low. Because I’ve built a portfolio that pays us a 69% cash on cash return — with no leverage, options, or gimmicks.

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.

See Also: What are convertible shares? 

Get a free copy of the Zacks research report on Micro Focus International (MFGP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Micro Focus International (NYSE:MFGP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: How is Preferred Stock Different from Common Stock?

7 Electric Vehicle (EV) Stocks That Have Real Juice

I’ll start with a disclaimer. You won’t see Tesla (NASDAQ:TSLA) or Nio (NYSE:NIO) on this list. And that’s not because I’m being contrarian. I just view Tesla and Nio as the known quantities in the electric vehicle sector. The goal of this presentation is to help you identify stocks that may be flying under your radar.

Many EV stocks went public in 2020 via a special purpose acquisition company (SPAC). There is both good and bad to that story. The good is that investors have many options for investing in the EV sector. Many of the companies that have entered the market are attempting to carve out a specific niche.

The potentially bad news is that these stocks are very speculative in nature. Whereas companies like Tesla and Nio have a proven (albeit recent) track record, there are things like revenue and orders that investors can analyze. With many of these newly public companies, investors are being asked to buy the story more than the stock and that is always risky.

However, in this special presentation, we’ve identified seven companies that look like they have a story that is compelling enough that investors should be rewarded in 2021.

View the “7 Electric Vehicle (EV) Stocks That Have Real Juice”.

Previous post This Swedish Business Is Pushing ‘Solar Facades’ To Turn Buildings Green
Next post AXIS Insurance promotes company veteran to newly created role