Micro Focus International PLC – (MFGP) Shares Sold by Gamco Investors INC. ET AL

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Gamco Investors INC. ET AL trimmed its holdings in shares of Micro Focus International PLC – (NYSE:MFGP) by 54.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,234 shares of the company’s stock after selling 98,950 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Micro Focus International were worth $1,455,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MFGP. UBS Group AG lifted its position in shares of Micro Focus International by 1,965.5% during the first quarter. UBS Group AG now owns 2,406,791 shares of the company’s stock worth $33,792,000 after purchasing an additional 2,290,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Micro Focus International by 393.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 829,868 shares of the company’s stock worth $14,332,000 after purchasing an additional 661,775 shares during the last quarter. FMR LLC lifted its position in shares of Micro Focus International by 33.7% during the second quarter. FMR LLC now owns 1,663,585 shares of the company’s stock worth $28,730,000 after purchasing an additional 419,187 shares during the last quarter. Citigroup Inc. lifted its position in shares of Micro Focus International by 2,360.9% during the first quarter. Citigroup Inc. now owns 356,529 shares of the company’s stock worth $5,056,000 after purchasing an additional 342,041 shares during the last quarter. Finally, Hosking Partners LLP lifted its position in shares of Micro Focus International by 86.0% during the first quarter. Hosking Partners LLP now owns 570,867 shares of the company’s stock worth $8,015,000 after purchasing an additional 263,980 shares during the last quarter. Institutional investors and hedge funds own 22.81% of the company’s stock.

MFGP stock opened at $16.76 on Friday. Micro Focus International PLC – has a 1-year low of $12.67 and a 1-year high of $36.21.

The company also recently disclosed a special dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 3rd were issued a $0.5833 dividend. This is an increase from Micro Focus International’s previous special dividend of $0.35. The ex-dividend date was Thursday, August 2nd.

Several analysts have recently weighed in on MFGP shares. Credit Suisse Group reiterated an “underperform” rating on shares of Micro Focus International in a research report on Monday, July 16th. Zacks Investment Research downgraded Micro Focus International from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. Canaccord Genuity upgraded Micro Focus International to a “buy” rating in a report on Thursday, May 17th. Finally, ValuEngine downgraded Micro Focus International from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.00.

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

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