Micro Focus International (NYSE:MFGP) Cut to Sell at Goldman Sachs Group

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Micro Focus International (NYSE:MFGP) was downgraded by Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports.

MFGP has been the topic of a number of other reports. Barclays set a $14.00 price target on shares of Vale and gave the company a “buy” rating in a 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 report on Thursday, April 4th. Finally, Zacks Investment Research cut shares of Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The company has an average rating of “Sell” and a consensus price target of $26.19.

NYSE:MFGP opened at $20.90 on Tuesday. Micro Focus International has a fifty-two week low of $14.73 and a fifty-two week high of $27.32. The firm has a 50-day moving average price of $24.67.

Hedge funds have recently added to or reduced their stakes in the stock. Nkcfo LLC acquired a new stake in Micro Focus International in the 1st quarter worth approximately $28,000. Atlas Capital Advisors LLC boosted its stake in Micro Focus International by 20.1% in the 1st quarter. Atlas Capital Advisors LLC now owns 3,421 shares of the company’s stock worth $88,000 after purchasing an additional 572 shares in the last quarter. Investors Research Corp acquired a new stake in Micro Focus International in the 1st quarter worth approximately $94,000. Bessemer Group Inc. boosted its stake in Micro Focus International by 73.4% in the 4th quarter. Bessemer Group Inc. now owns 4,353 shares of the company’s stock worth $75,000 after purchasing an additional 1,843 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Micro Focus International by 1,140.2% in the 4th quarter. Financial Advocates Investment Management now owns 5,643 shares of the company’s stock worth $246,000 after purchasing an additional 5,188 shares in the last quarter. Institutional investors own 20.26% 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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