Micro Focus International (NYSE:MFGP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Micro Focus International plc is an infrastructure software company which develops, sells and supports software products and solutions. The Company’s products include Access Manager, Access Review, AccuRev, AccuSync, Acu4GL, AcuBench, ACUCOBOL-GT, AcuConnect, AcuServer, AcuSQL, AcuXDBC, Aegis, AppManager, Artix, Atlas, Business Continuity Clustering, Caliber, Client for Windows, Cloud Manager and CloudAccess. It principally serves federal, airlines and healthcare industries. The company operates primarily in the United Kingdom, the United States, Germany, France, Japan and internationally. Micro Focus International plc is headquartered in Newbury, the United Kingdom. “

A number of other brokerages have also weighed in on MFGP. Citigroup lowered Micro Focus International from a “neutral” rating to a “sell” rating in a research note on Thursday, April 4th. Barclays lowered Micro Focus International from an “overweight” rating to an “equal weight” rating and set a $25.37 target price on the stock. in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Micro Focus International presently has a consensus rating of “Hold” and an average target price of $26.19.

Shares of MFGP opened at $23.47 on Tuesday. Micro Focus International has a 52-week low of $14.73 and a 52-week high of $27.32.

Institutional investors have recently made changes to their positions in the company. CWM LLC increased its position in shares of Micro Focus International by 173.7% during the 4th quarter. CWM LLC now owns 1,571 shares of the company’s stock valued at $27,000 after purchasing an additional 997 shares during the last quarter. Nkcfo LLC bought a new position in shares of Micro Focus International during the 1st quarter valued at about $28,000. Synovus Financial Corp increased its position in shares of Micro Focus International by 44.2% during the 4th quarter. Synovus Financial Corp now owns 1,840 shares of the company’s stock valued at $31,000 after purchasing an additional 564 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Micro Focus International by 207.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 2,039 shares of the company’s stock valued at $53,000 after purchasing an additional 1,376 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Micro Focus International by 73.4% during the 4th quarter. Bessemer Group Inc. now owns 4,353 shares of the company’s stock valued at $75,000 after purchasing an additional 1,843 shares during the last quarter. Hedge funds and other institutional investors own 20.27% of the company’s stock.

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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