Micro Focus International (NYSE:MFGP) Downgraded by Zacks Investment Research to “Hold”

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

Separately, Jefferies Financial Group raised Micro Focus International from a “hold” rating to a “buy” rating in a research report on Tuesday, January 11th.

MFGP stock opened at $4.91 on Wednesday. Micro Focus International has a twelve month low of $4.32 and a twelve month high of $7.59. The business’s 50-day simple moving average is $5.07 and its 200 day simple moving average is $5.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.02 and a quick ratio of 1.02.

Several institutional investors have recently bought and sold shares of the stock. UBS Group AG grew its position in Micro Focus International by 38.1% in the third quarter. UBS Group AG now owns 7,887 shares of the company’s stock valued at $43,000 after acquiring an additional 2,174 shares during the period. National Bank of Canada FI bought a new stake in shares of Micro Focus International during the fourth quarter worth $55,000. Credit Agricole S A grew its holdings in shares of Micro Focus International by 35,714.3% during the fourth quarter. Credit Agricole S A now owns 10,028 shares of the company’s stock worth $56,000 after purchasing an additional 10,000 shares during the last quarter. JustInvest LLC acquired a new position in shares of Micro Focus International during the fourth quarter valued at $67,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Micro Focus International during the fourth quarter valued at $80,000. Institutional investors and hedge funds own 20.63% of the company’s stock.

About Micro Focus International (Get Rating)

Micro Focus International plc operates in the enterprise software business in the United Kingdom, the United States, Germany, Canada, France, Japan, and internationally. It offers infrastructure software products that are managed on a portfolio. The company's product portfolio includes sector-agnostic products, such as application modernization and connectivity solutions that help customers to unlock the value from core business applications for modernization, which enable a transformational journey to deliver ongoing value and flexibility from IT investments, on or off the mainframe; application delivery management solutions that helps customers to increase velocity, remove bottlenecks, and deliver high-performing applications to support their digital business; and IT operations management solutions for service assurance, automate the service fulfilment life cycle, and strengthen IT service governance.

Read More

Get a free copy of the Zacks research report on Micro Focus International (MFGP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Micro Focus International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micro Focus International and related companies with MarketBeat.com's FREE daily email newsletter.