Nkcfo LLC acquired a new position in Micro Focus International PLC – (NYSE:MFGP) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,100 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds have also bought and sold shares of MFGP. CWM LLC raised its position in shares of Micro Focus International by 173.7% in the 4th quarter. CWM LLC now owns 1,571 shares of the company’s stock worth $27,000 after acquiring an additional 997 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Micro Focus International by 44.2% in the 4th quarter. Synovus Financial Corp now owns 1,840 shares of the company’s stock valued at $31,000 after buying an additional 564 shares during the period. Atlas Capital Advisors LLC acquired a new stake in shares of Micro Focus International in the 4th quarter valued at about $49,000. Bessemer Group Inc. grew its stake in shares of Micro Focus International by 73.4% in the 4th quarter. Bessemer Group Inc. now owns 4,353 shares of the company’s stock valued at $75,000 after buying an additional 1,843 shares during the period. Finally, TD Asset Management Inc. acquired a new stake in shares of Micro Focus International in the 4th quarter valued at about $175,000. 17.56% of the stock is owned by hedge funds and other institutional investors.

Shares of MFGP traded up $0.12 during trading hours on Thursday, hitting $24.77. The stock had a trading volume of 314,000 shares, compared to its average volume of 538,565. Micro Focus International PLC – has a 1-year low of $14.73 and a 1-year high of $27.32.

The company also recently announced a special dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 1st were paid a $0.5833 dividend. The ex-dividend date of this dividend was Thursday, February 28th.

Several analysts have recently commented on the company. Barclays downgraded Micro Focus International from an “overweight” rating to an “equal weight” rating and set a $25.37 target price for the company. in a research note on Friday, April 12th. Citigroup downgraded Micro Focus International from a “neutral” rating to a “sell” rating in a research note on Thursday, April 4th. Zacks Investment Research upgraded Micro Focus International from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, February 21st. Finally, Goldman Sachs Group downgraded Micro Focus International from a “buy” rating to a “neutral” rating in a research note on Monday, January 28th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Micro Focus International currently has a consensus rating of “Hold” and a consensus price target of $26.19.

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

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