Montgomery Investment Management Inc. trimmed its stake in Micro Focus International PLC – (NYSE:MFGP) by 23.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,109 shares of the company’s stock after selling 4,418 shares during the period. Montgomery Investment Management Inc.’s holdings in Micro Focus International were worth $243,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in MFGP. CWM LLC grew its position in Micro Focus International by 173.7% in the fourth quarter. CWM LLC now owns 1,571 shares of the company’s stock valued at $27,000 after acquiring an additional 997 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of Micro Focus International during the third quarter worth $143,000. Fox Run Management L.L.C. bought a new stake in shares of Micro Focus International during the fourth quarter worth $197,000. Tower Research Capital LLC TRC bought a new stake in shares of Micro Focus International during the second quarter worth $408,000. Finally, BB&T Corp grew its holdings in shares of Micro Focus International by 14.6% during the third quarter. BB&T Corp now owns 24,827 shares of the company’s stock worth $459,000 after purchasing an additional 3,161 shares during the last quarter. Hedge funds and other institutional investors own 23.77% of the company’s stock.
Shares of MFGP stock traded up $0.01 during trading hours on Friday, hitting $19.67. 445,830 shares of the company’s stock were exchanged, compared to its average volume of 451,143. Micro Focus International PLC – has a 52 week low of $12.67 and a 52 week high of $31.20.
Several analysts have recently commented on MFGP shares. ValuEngine cut Micro Focus International from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Goldman Sachs Group upgraded Micro Focus International from a “neutral” rating to a “buy” rating in a report on Tuesday, November 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.00.
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Micro Focus International 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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