Jane Street Group LLC Has $7.83 Million Position in Micro Focus International PLC – (NYSE:MFGP)

Jane Street Group LLC reduced its position in shares of Micro Focus International PLC – (NYSE:MFGP) by 43.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,610 shares of the company’s stock after selling 230,315 shares during the period. Jane Street Group LLC owned about 0.08% of Micro Focus International worth $7,826,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Jefferies Group LLC acquired a new position in shares of Micro Focus International during the second quarter worth about $308,000. Morgan Stanley boosted its position in shares of Micro Focus International by 26.8% during the second quarter. Morgan Stanley now owns 122,027 shares of the company’s stock worth $3,195,000 after buying an additional 25,763 shares during the period. Invesco Ltd. boosted its position in shares of Micro Focus International by 21.3% during the second quarter. Invesco Ltd. now owns 814,714 shares of the company’s stock worth $21,337,000 after buying an additional 143,197 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Micro Focus International during the second quarter worth about $34,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Micro Focus International by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,612 shares of the company’s stock worth $95,000 after buying an additional 1,942 shares during the period. 16.11% of the stock is owned by institutional investors.

MFGP has been the topic of several analyst reports. Zacks Investment Research lowered Micro Focus International from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Jefferies Financial Group initiated coverage on Micro Focus International in a report on Monday, July 22nd. They set a “hold” rating and a $21.00 target price on the stock. Finally, Goldman Sachs Group lowered Micro Focus International from a “neutral” rating to a “sell” rating in a report on Tuesday, July 16th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Micro Focus International has a consensus rating of “Sell” and an average price target of $24.46.

MFGP traded down $0.20 on Friday, hitting $14.46. 3,961,021 shares of the company were exchanged, compared to its average volume of 1,009,153. Micro Focus International PLC – has a 12 month low of $12.50 and a 12 month high of $27.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s fifty day moving average is $17.06 and its 200-day moving average is $22.53.

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, October 7th. Investors of record on Friday, September 6th will be issued a dividend of $0.562 per share. The ex-dividend date is Thursday, September 5th.

Micro Focus International 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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Institutional Ownership by Quarter for Micro Focus International (NYSE:MFGP)

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