Micro Focus International plc (NYSE: MFGP – Get Rating) saw a sharp drop in short-term interest during the month of April. As of April 15, there was selling interest totaling 1,110,000 shares, down 22.9% from the March 31 total of 1,440,000 shares. Based on an average trading volume of 646,000 shares, the day-to-cover ratio is currently 1.7 days.
Several institutional investors and hedge funds have recently changed their holdings in MFGP. VIEX Capital Advisors LLC increased its equity stake in Micro Focus International by 1,440.6% in Q3. VIEX Capital Advisors LLC now owns 1,062,515 shares of the company valued at $5,780,000 after purchasing an additional 993,546 shares during the period. Goldman Sachs Group Inc. increased its equity stake in Micro Focus International by 3,374.8% in Q3. Goldman Sachs Group Inc. now owns 423,965 shares of the company valued at $2,307,000 after purchasing an additional 411,764 shares during the period. CastleKnight Management LP acquired a new position in shares of Micro Focus International in the 4th quarter valued at approximately $2,050,000. Jane Street Group LLC increased its equity stake in Micro Focus International to 91.6% in Q3. Jane Street Group LLC now owns 503,494 shares of the company valued at $2,779,000 after purchasing an additional 240,686 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Micro Focus International in Q4 worth approximately $1,022,000. Institutional investors hold 19.35% of the company’s shares.
A number of research firms have commented on the MFGP. Zacks Investment Research moved shares of Micro Focus International from a “hold” rating to a “buy” rating and set a price target of $5.25 for the company in a Tuesday, March 15 research note. Jefferies Financial Group upgraded shares of Micro Focus International from a “hold” to a “buy” rating in a Tuesday, Jan. 11 research note.
MFGP shares opened at $4.65 on Monday. Micro Focus International has a fifty-two week minimum of $4.32 and a fifty-two week maximum of $7.59. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 1.65. The company’s 50-day moving average is $5.09 and its 200-day moving average is $5.28.
The company also recently announced an annual dividend, which was paid on Thursday, April 21. Shareholders of record on Friday, March 11 received a dividend of $0.203. This is an increase from Micro Focus International’s previous annual dividend of $0.16. The ex-dividend date was Thursday, March 10. This represents a dividend yield of 4.1%.
Micro Focus International Company Profile (Get an assessment)
Micro Focus International plc operates in the enterprise software industry in the UK, USA, Germany, Canada, France, Japan and internationally. It offers infrastructure software products that are managed on a portfolio. The company’s product portfolio includes industry-neutral products such as application modernization and connectivity solutions that help customers unlock the value of core business applications for modernization, enabling a transformational journey to deliver continued value and flexibility from IT investments, on or off the CPU; application delivery management solutions that help customers increase speed, eliminate bottlenecks, and deliver high-performance applications to support their digital business; and IT operations management solutions for service assurance, automating the service execution lifecycle, and strengthening IT service governance.
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