Micro Focus International plc (NYSE:MFGP) Forecasted to Earn FY2021 Earnings of $1.32 Per Share

Micro Focus International plc (NYSE:MFGP) – Investment analysts at Jefferies Financial Group issued their FY2021 earnings per share (EPS) estimates for shares of Micro Focus International in a research report issued to clients and investors on Tuesday, January 11th. Jefferies Financial Group analyst C. Brennan expects that the company will post earnings per share of $1.32 for the year. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Micro Focus International’s FY2022 earnings at $1.14 EPS and FY2023 earnings at $1.17 EPS.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Micro Focus International from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 5th. Investec raised shares of Micro Focus International from a “sell” rating to a “hold” rating in a report on Thursday, November 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Micro Focus International presently has an average rating of “Hold” and a consensus target price of $7.75.

Shares of Micro Focus International stock opened at $5.98 on Thursday. The company’s fifty day moving average price is $5.21 and its two-hundred day moving average price is $5.43. Micro Focus International has a 52-week low of $4.32 and a 52-week high of $8.19.

A number of hedge funds and other institutional investors have recently modified their holdings of MFGP. VIEX Capital Advisors LLC lifted its position in Micro Focus International by 1,440.6% during the 3rd quarter. VIEX Capital Advisors LLC now owns 1,062,515 shares of the company’s stock worth $5,780,000 after buying an additional 993,546 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Micro Focus International by 18,752.0% in the 2nd quarter. Bank of Montreal Can now owns 766,335 shares of the company’s stock valued at $5,709,000 after buying an additional 762,270 shares during the period. 22NW LP grew its holdings in shares of Micro Focus International by 60.7% in the 2nd quarter. 22NW LP now owns 1,396,928 shares of the company’s stock valued at $10,519,000 after buying an additional 527,589 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Micro Focus International by 3,374.8% in the 3rd quarter. Goldman Sachs Group Inc. now owns 423,965 shares of the company’s stock valued at $2,307,000 after buying an additional 411,764 shares during the period. Finally, OLD Mission Capital LLC grew its holdings in shares of Micro Focus International by 106.1% in the 2nd quarter. OLD Mission Capital LLC now owns 497,164 shares of the company’s stock valued at $3,744,000 after buying an additional 255,972 shares during the period. Institutional investors and hedge funds own 13.33% of the company’s stock.

About Micro Focus International

Micro Focus International Plc engages in the management of mature infrastructure software assets to organizations leverage value from their investments in IT infrastructure and business applications. It operates through the following segments: Micro Focus Product Portfolio and SUSE Product Portfolio.

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