Micro Focus International plc (MCRO) Insider Kevin Loosemore Purchases 4,866 Shares of Stock

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Micro Focus International plc (LON:MCRO) insider Kevin Loosemore purchased 4,866 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average cost of GBX 1,309 ($16.89) per share, for a total transaction of £63,695.94 ($82,167.11).

Shares of LON:MCRO opened at GBX 1,301.50 ($16.79) on Thursday. Micro Focus International plc has a 52-week low of GBX 26.78 ($0.35) and a 52-week high of GBX 2,970.50 ($38.32).

The business also recently announced a dividend, which was paid on Friday, August 24th. Investors of record on Thursday, August 2nd were given a GBX 43.86 ($0.57) dividend. The ex-dividend date of this dividend was Thursday, August 2nd. This is a positive change from Micro Focus International’s previous dividend of $25.63. This represents a yield of 3.7%.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Micro Focus International from GBX 900 ($11.61) to GBX 1,120 ($14.45) and gave the stock an “underweight” rating in a research report on Thursday, July 12th. Barclays reiterated an “overweight” rating on shares of Micro Focus International in a research report on Tuesday, July 10th. Canaccord Genuity upped their target price on shares of Micro Focus International from GBX 1,520 ($19.61) to GBX 1,570 ($20.25) and gave the stock a “buy” rating in a research report on Wednesday, July 4th. Citigroup reiterated a “neutral” rating on shares of Micro Focus International in a research report on Monday, May 14th. Finally, Numis Securities reiterated a “buy” rating on shares of Micro Focus International in a research report on Wednesday, May 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 1,361.50 ($17.56).

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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