Micro Focus International plc (LON:MCRO) insider Kevin Loosemore purchased 4,866 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were acquired at an average price of GBX 1,309 ($16.89) per share, for a total transaction of £63,695.94 ($82,167.11).

Shares of MCRO opened at GBX 1,286.50 ($16.60) on Friday. Micro Focus International plc has a 12-month low of GBX 26.78 ($0.35) and a 12-month high of GBX 2,970.50 ($38.32).

The company also recently announced a dividend, which was paid on Friday, August 24th. Investors of record on Thursday, August 2nd were issued a GBX 43.86 ($0.57) dividend. This is a boost from Micro Focus International’s previous dividend of $25.63. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, August 2nd.

A number of research firms have issued reports on MCRO. JPMorgan Chase & Co. increased their price target on Micro Focus International from GBX 900 ($11.61) to GBX 1,120 ($14.45) and gave the stock an “underweight” rating in a report on Thursday, July 12th. Numis Securities restated a “buy” rating on shares of Micro Focus International in a report on Wednesday, May 16th. Credit Suisse Group restated a “neutral” rating and set a GBX 1,200 ($15.48) price target on shares of Micro Focus International in a report on Monday, July 2nd. Canaccord Genuity increased their price target on Micro Focus International from GBX 1,520 ($19.61) to GBX 1,570 ($20.25) and gave the stock a “buy” rating in a report on Wednesday, July 4th. Finally, UBS Group restated a “buy” rating and set a GBX 1,950 ($25.15) price target (up from GBX 1,800 ($23.22)) on shares of Micro Focus International in a report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Micro Focus International presently has a consensus rating of “Hold” and an average target price of GBX 1,361.50 ($17.56).

Micro Focus International Company Profile

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.

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