Goldman Sachs Group downgraded shares of Micro Focus International (NYSE:MFGP) from a neutral rating to a sell rating in a research note released on Tuesday, BenzingaRatingsTable reports.

A number of other brokerages have also recently issued reports on MFGP. Barclays set a $14.00 price target on shares of Vale and gave the company a buy rating in a research report on Friday, April 12th. Citigroup set a $20.00 price target on shares of Compania de Minas Buenaventura SAA and gave the company a buy rating in a research report on Thursday, April 4th. Finally, Zacks Investment Research cut shares of Gold Resource from a hold rating to a sell rating in a research report on Friday, June 21st. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock presently has a consensus rating of Sell and an average price target of $26.19.

Shares of NYSE MFGP opened at $20.74 on Tuesday. Micro Focus International has a 1 year low of $14.73 and a 1 year high of $27.32. The company’s 50-day simple moving average is $24.61.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, October 7th. Investors of record on Friday, September 6th will be given a dividend of $0.562 per share. The ex-dividend date of this dividend is Thursday, September 5th.

A number of hedge funds and other institutional investors have recently modified their holdings of MFGP. Norges Bank bought a new stake in shares of Micro Focus International in the fourth quarter worth approximately $43,845,000. OLD Mission Capital LLC grew its position in Micro Focus International by 883.0% during the fourth quarter. OLD Mission Capital LLC now owns 624,553 shares of the company’s stock valued at $10,749,000 after buying an additional 561,019 shares during the period. Dimensional Fund Advisors LP grew its position in Micro Focus International by 413.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 621,498 shares of the company’s stock valued at $10,696,000 after buying an additional 500,455 shares during the period. Jane Street Group LLC grew its position in Micro Focus International by 689.2% during the fourth quarter. Jane Street Group LLC now owns 254,785 shares of the company’s stock valued at $4,385,000 after buying an additional 222,499 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Micro Focus International by 13.4% during the first quarter. Parametric Portfolio Associates LLC now owns 713,461 shares of the company’s stock valued at $18,400,000 after buying an additional 84,069 shares during the period. 20.26% of the stock is owned by institutional investors.

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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