Zacks Investment Research lowered shares of Micro Focus International (NYSE:MFGP) from a hold rating to a strong sell rating in a report issued on Tuesday morning, 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 topic of a number of other research reports. Jefferies Financial Group lowered 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. Goldman Sachs Group upgraded Micro Focus International from a sell rating to a neutral rating in a research report on Monday, November 4th. Finally, ValuEngine upgraded Micro Focus International from a hold rating to a buy rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Micro Focus International has an average rating of Hold and a consensus target price of $21.12.

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

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc increased its holdings 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 buying an additional 3,044 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Micro Focus International in the fourth quarter worth about $62,000. Tower Research Capital LLC TRC increased its holdings 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 buying an additional 2,825 shares during the period. Advisor Group Inc. increased its holdings 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 buying an additional 2,837 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Micro Focus International in the fourth quarter worth about $108,000. Institutional investors and hedge funds own 15.87% of the company’s stock.

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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