Insider Buying: Micro Focus International plc (MCRO) Insider Purchases 49,000 Shares of Stock
Micro Focus International plc (LON:MCRO) insider Kevin Loosemore bought 49,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was bought at an average cost of GBX 2,171 ($28.35) per share, with a total value of £1,063,790 ($1,389,122.49).
Shares of Micro Focus International plc (LON:MCRO) traded up 0.74% during mid-day trading on Tuesday, reaching GBX 2174.00. The company’s stock had a trading volume of 1,014,697 shares. The company has a 50 day moving average price of GBX 2,423.54 and a 200 day moving average price of GBX 2,299.51. The stock’s market capitalization is GBX 4.99 billion. Micro Focus International plc has a 12 month low of GBX 1,806.00 and a 12 month high of GBX 2,675.00.
The company also recently announced a dividend, which will be paid on Friday, August 25th. Investors of record on Thursday, August 3rd will be given a dividend of GBX 45.22 ($0.59) per share. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from Micro Focus International plc’s previous dividend of $23.60. This represents a yield of 2.24%.
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A number of research analysts recently commented on MCRO shares. Bank of America Corporation downgraded Micro Focus International plc to an “underperform” rating and set a GBX 2,280 ($29.77) price target for the company. in a report on Wednesday, April 12th. Barclays PLC reissued an “overweight” rating and issued a GBX 2,600 ($33.95) price target on shares of Micro Focus International plc in a report on Friday, June 2nd. Investec reissued a “hold” rating and issued a GBX 2,150 ($28.08) price target on shares of Micro Focus International plc in a report on Thursday, July 13th. Citigroup Inc. reissued a “buy” rating and issued a GBX 2,755 ($35.98) price target on shares of Micro Focus International plc in a report on Tuesday, April 25th. Finally, Numis Securities Ltd reissued a “not rated” rating on shares of Micro Focus International plc in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,400.18 ($31.34).
Micro Focus International plc Company Profile
Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications.
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