Insider Buying: Micro Focus International plc (MCRO) Insider Buys 3,101 Shares of Stock

Micro Focus International plc (LON:MCRO) insider Darren Roos bought 3,101 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was purchased at an average cost of GBX 2,257 ($30.61) per share, for a total transaction of £69,989.57 ($94,913.98).

Micro Focus International plc (LON MCRO) opened at GBX 2,183.60 ($29.61) on Wednesday. The stock has a market capitalization of $9,500.00 and a price-to-earnings ratio of 4,456.33. Micro Focus International plc has a 12-month low of GBX 26.78 ($0.36) and a 12-month high of GBX 2,970.50 ($40.28).

The firm also recently declared a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 18th will be issued a dividend of GBX 25.63 ($0.35) per share. The ex-dividend date is Thursday, January 18th. This represents a yield of 1.16%.

A number of equities research analysts recently issued reports on the company. Credit Suisse Group restated an “underperform” rating and set a GBX 1,942 ($26.34) target price on shares of Micro Focus International in a research note on Monday, November 6th. Citigroup reiterated a “neutral” rating on shares of Micro Focus International in a research note on Friday, January 5th. Barclays reiterated an “overweight” rating and issued a GBX 2,600 ($35.26) price target on shares of Micro Focus International in a research note on Wednesday, December 20th. Deutsche Bank reiterated a “buy” rating and issued a GBX 2,800 ($37.97) price target on shares of Micro Focus International in a research note on Thursday, October 5th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 2,800 ($37.97) price target on shares of Micro Focus International in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 2,531.20 ($34.33).

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About Micro Focus International

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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