Micro Focus International (NYSE:MFGP) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Micro Focus International (NYSE:MFGP)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a research note issued to investors on Wednesday, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Micro Focus International from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Saturday, November 21st. ValuEngine raised shares of Micro Focus International from a “sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. Finally, The Goldman Sachs Group raised shares of Micro Focus International from a “neutral” rating to a “buy” rating in a research note on Sunday, December 6th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $5.00.

Micro Focus International stock traded down $0.11 during midday trading on Wednesday, hitting $5.34. 14,953 shares of the stock were exchanged, compared to its average volume of 780,617. Micro Focus International has a 1 year low of $2.78 and a 1 year high of $14.72. The firm has a market cap of $1.79 billion, a P/E ratio of 2.72 and a beta of 2.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50 day moving average price of $5.64 and a two-hundred day moving average price of $4.29.

A number of hedge funds have recently made changes to their positions in MFGP. WealthStone Inc. acquired a new position in Micro Focus International during the 3rd quarter worth $58,000. PNC Financial Services Group Inc. grew its holdings in Micro Focus International by 62.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 25,226 shares of the company’s stock worth $139,000 after acquiring an additional 9,665 shares in the last quarter. Davy Global Fund Management Ltd grew its holdings in Micro Focus International by 110.7% during the 3rd quarter. Davy Global Fund Management Ltd now owns 43,416 shares of the company’s stock worth $140,000 after acquiring an additional 22,812 shares in the last quarter. Paloma Partners Management Co grew its holdings in Micro Focus International by 74.2% during the 3rd quarter. Paloma Partners Management Co now owns 56,686 shares of the company’s stock worth $182,000 after acquiring an additional 24,146 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Micro Focus International by 22.4% during the 2nd quarter. Bank of America Corp DE now owns 39,008 shares of the company’s stock worth $214,000 after acquiring an additional 7,126 shares in the last quarter. 14.33% of the stock is owned by institutional investors.

Micro Focus International Company Profile

Micro Focus International plc 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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Analyst Recommendations for Micro Focus International (NYSE:MFGP)

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