Micro Focus International plc (NYSE:MFGP) to Post FY2022

Micro Focus International plc (NYSE:MFGP – Get Rating) – Equities research analysts at Jefferies Financial Group issued their FY2022 earnings per share (EPS) estimates for Micro Focus International in a research note issued on Wednesday, June 22nd. Jefferies Financial Group analyst C. Brennan forecasts that the company will post earnings of $1.09 per share for the year. The consensus estimate for Micro Focus International’s current full-year earnings is $1.36 per share. Jefferies Financial Group also issued estimates for Micro Focus International’s FY2023 earnings at $0.96 EPS and FY2024 earnings at $1.01 EPS.

Shares of Micro Focus International stock opened at $3.68 on Monday. The stock’s 50-day moving average is $4.59 and its 200-day moving average is $5.11. Micro Focus International has a one year low of $3.47 and a one year high of $7.59. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.02 and a current ratio of 0.85.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFGP. True North Advisors LLC acquired a new position in Micro Focus International during the fourth quarter worth approximately $167,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Micro Focus International in the fourth quarter valued at approximately $1,022,000. Davy Global Fund Management Ltd grew its position in shares of Micro Focus International by 82.2% in the fourth quarter. Davy Global Fund Management Ltd now owns 302,309 shares of the company’s stock valued at $1,684,000 after purchasing an additional 136,370 shares during the last quarter. Credit Agricole S A grew its position in shares of Micro Focus International by 35,714.3% in the fourth quarter. Credit Agricole S A now owns 10,028 shares of the company’s stock valued at $56,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Atlas Capital Advisors LLC grew its position in shares of Micro Focus International by 160.0% in the fourth quarter. Atlas Capital Advisors LLC now owns 24,636 shares of the company’s stock valued at $137,000 after purchasing an additional 15,162 shares during the last quarter. Institutional investors and hedge funds own 20.63% of the company’s stock.

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Micro Focus International Company Profile (Get Rating)

Micro Focus International plc operates in the enterprise software business in the United Kingdom, the United States, Germany, Canada, France, Japan, and internationally. It offers infrastructure software products that are managed on a portfolio. The company’s product portfolio includes sector-agnostic products, such as application modernization and connectivity solutions that help customers to unlock the value from core business applications for modernization, which enable a transformational journey to deliver ongoing value and flexibility from IT investments, on or off the mainframe; application delivery management solutions that helps customers to increase velocity, remove bottlenecks, and deliver high-performing applications to support their digital business; and IT operations management solutions for service assurance, automate the service fulfilment life cycle, and strengthen IT service governance.

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