Micro Focus International plc (NYSE:MFGP) Forecasted to Earn FY2021 Earnings of $1.32 Per Share

Micro Focus International plc (NYSE:MFGP) – Analysts at Jefferies Financial Group issued their FY2021 earnings estimates for shares of Micro Focus International in a research note issued on Tuesday, January 11th. Jefferies Financial Group analyst C. Brennan forecasts that the company will post earnings of $1.32 per share for the year. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Micro Focus International’s FY2022 earnings at $1.14 EPS and FY2023 earnings at $1.17 EPS.

A number of other research analysts also recently weighed in on MFGP. Investec upgraded Micro Focus International from a “sell” rating to a “hold” rating in a report on Thursday, November 18th. Zacks Investment Research upgraded shares of Micro Focus International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.75.

Shares of MFGP stock opened at $5.98 on Thursday. The business’s fifty day moving average is $5.21 and its 200-day moving average is $5.43. Micro Focus International has a 1 year low of $4.32 and a 1 year high of $8.19.

Institutional investors and hedge funds have recently bought and sold shares of the business. Moors & Cabot Inc. acquired a new stake in Micro Focus International during the third quarter worth $1,223,000. Liberty Wealth Management LLC raised its holdings in shares of Micro Focus International by 757.9% in the second quarter. Liberty Wealth Management LLC now owns 7,721 shares of the company’s stock valued at $1,025,000 after buying an additional 6,821 shares during the last quarter. UBS Group AG raised its holdings in Micro Focus International by 38.1% during the 3rd quarter. UBS Group AG now owns 7,887 shares of the company’s stock worth $43,000 after purchasing an additional 2,174 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in Micro Focus International during the 3rd quarter worth about $52,000. Finally, Boothbay Fund Management LLC bought a new stake in Micro Focus International during the 2nd quarter worth about $78,000. Hedge funds and other institutional investors own 13.33% of the company’s stock.

About Micro Focus International

Micro Focus International Plc engages in the management of mature infrastructure software assets to organizations leverage value from their investments in IT infrastructure and business applications. It operates through the following segments: Micro Focus Product Portfolio and SUSE Product Portfolio.

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