Montgomery Investment Management Inc. trimmed its holdings in shares of Micro Focus International PLC – (NYSE:MFGP) by 22.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,986 shares of the company’s stock after selling 3,123 shares during the period. Montgomery Investment Management Inc.’s holdings in Micro Focus International were worth $287,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of MFGP. Parametric Portfolio Associates LLC raised its position in Micro Focus International by 13.4% in the 1st 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 last quarter. Dimensional Fund Advisors LP boosted its stake in Micro Focus International by 413.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 621,498 shares of the company’s stock worth $10,696,000 after purchasing an additional 500,455 shares during the period. Raymond James & Associates boosted its stake in Micro Focus International by 15.4% in the 1st quarter. Raymond James & Associates now owns 592,524 shares of the company’s stock worth $15,281,000 after purchasing an additional 79,047 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Micro Focus International by 13.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 72,471 shares of the company’s stock worth $1,869,000 after purchasing an additional 8,654 shares during the period. Finally, Millennium Management LLC bought a new position in Micro Focus International in the 4th quarter worth about $1,057,000. Hedge funds and other institutional investors own 18.13% of the company’s stock.
A number of analysts have recently issued reports on MFGP shares. Zacks Investment Research downgraded Micro Focus International from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Jefferies Financial Group started coverage on Micro Focus International in a research report on Monday, July 22nd. They set a “hold” rating and a $21.00 price target for the company. Finally, Goldman Sachs Group downgraded Micro Focus International from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Micro Focus International currently has a consensus rating of “Sell” and a consensus target price of $24.46.
The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, October 7th. Stockholders of record on Friday, September 6th will be given a dividend of $0.562 per share. The ex-dividend date is Thursday, September 5th.
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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