Dimensional Fund Advisors LP boosted its holdings in shares of Micro Focus International PLC – (NYSE:MFGP) by 413.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 621,498 shares of the company’s stock after purchasing an additional 500,455 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.14% of Micro Focus International worth $10,696,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of MFGP. CWM LLC increased its holdings in Micro Focus International by 173.7% during the 4th quarter. CWM LLC now owns 1,571 shares of the company’s stock worth $27,000 after purchasing an additional 997 shares during the last quarter. Synovus Financial Corp increased its holdings in Micro Focus International by 44.2% during the 4th quarter. Synovus Financial Corp now owns 1,840 shares of the company’s stock worth $31,000 after purchasing an additional 564 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in Micro Focus International during the 4th quarter worth approximately $49,000. Bessemer Group Inc. increased its holdings in Micro Focus International by 73.4% during 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 during the last quarter. Finally, TD Asset Management Inc. purchased a new stake in Micro Focus International during the 4th quarter worth approximately $175,000. Institutional investors own 17.56% of the company’s stock.
Shares of NYSE MFGP opened at $24.77 on Friday. Micro Focus International PLC – has a twelve month low of $14.73 and a twelve month high of $27.32.
The company also recently declared a special dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 1st were issued a $0.5833 dividend. The ex-dividend date was Thursday, February 28th.
A number of equities research analysts have recently weighed in on MFGP shares. Citigroup downgraded Micro Focus International from a “neutral” rating to a “sell” rating in a report on Thursday, April 4th. Barclays downgraded Micro Focus International from an “overweight” rating to an “equal weight” rating and set a $25.37 price target for the company. in a report on Friday, April 12th. Zacks Investment Research upgraded Micro Focus International from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, February 21st. Finally, Goldman Sachs Group downgraded Micro Focus International from a “buy” rating to a “neutral” rating in a report on Monday, January 28th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Micro Focus International currently has an average rating of “Hold” and a consensus target price of $26.19.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thelincolnianonline.com/2019/04/21/dimensional-fund-advisors-lp-has-10-70-million-position-in-micro-focus-international-plc-mfgp.html.
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.
Featured Story: What is a Leveraged Buyout (LBO)?
Want to see what other hedge funds are holding MFGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micro Focus International PLC – (NYSE:MFGP).
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.