Meyer Handelman Co. trimmed its holdings in Micro Focus International PLC – (NYSE:MFGP) by 54.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,413 shares of the company’s stock after selling 22,301 shares during the period. Meyer Handelman Co.’s holdings in Micro Focus International were worth $340,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of Micro Focus International by 12.3% in the first quarter. Royal Bank of Canada now owns 41,140 shares of the company’s stock worth $576,000 after buying an additional 4,492 shares during the last quarter. Atria Investments LLC acquired a new stake in shares of Micro Focus International in the second quarter worth $182,000. BB&T Corp lifted its stake in shares of Micro Focus International by 80.0% in the second quarter. BB&T Corp now owns 21,666 shares of the company’s stock worth $374,000 after buying an additional 9,629 shares during the last quarter. Horrell Capital Management Inc. acquired a new stake in shares of Micro Focus International in the second quarter worth $1,382,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Micro Focus International by 393.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 829,868 shares of the company’s stock worth $14,332,000 after buying an additional 661,775 shares during the last quarter. 22.83% of the stock is owned by institutional investors.
Shares of Micro Focus International stock opened at $16.60 on Friday. Micro Focus International PLC – has a 1-year low of $12.67 and a 1-year high of $36.21.
A number of analysts have recently weighed in on the stock. ValuEngine cut shares of Micro Focus International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Credit Suisse Group restated an “underperform” rating on shares of Micro Focus International in a research note on Monday, July 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.
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Micro Focus International Company Profile
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.
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