As Open Text (OTEX) Stock Rose, Holder Beutel Goodman & Co LTD Has Lowered Its Position by $3.30 Million; Pzena Investment Management Raised Stake in Validus Holdings LTD (VR) by $27.65 Million as Market Valuation Rose

May 23, 2018 - By Lawrence Diaz

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Richard S. Pzena increased its stake in Validus Holdings Ltd (VR) by 87.25% based on its latest 2017Q4 regulatory filing with the SEC. Pzena Investment Management Llc bought 601,187 shares as the company’s stock rose 43.87% while stock markets declined. The hedge fund run by Richard S. Pzena held 1.29M shares of the finance company at the end of 2017Q4, valued at $60.54 million, up from 689,064 at the end of the previous reported quarter. Pzena Investment Management Llc who had been investing in Validus Holdings Ltd for a number of months, seems to be bullish on the $5.55B market cap company. The stock decreased 0.02% or $0.015 during the last trading session, reaching $67.585. About 96,768 shares traded. Validus Holdings, Ltd. (NYSE:VR) has risen 21.21% since May 23, 2017 and is uptrending. It has outperformed by 9.66% the S&P500.

Beutel Goodman & Co Ltd decreased its stake in Open Text Corp (OTEX) by 0.89% based on its latest 2017Q4 regulatory filing with the SEC. Beutel Goodman & Co Ltd sold 94,382 shares as the company’s stock rose 3.97% while stock markets declined. The institutional investor held 10.55 million shares of the edp services company at the end of 2017Q4, valued at $376.66M, down from 10.64 million at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Open Text Corp for a number of months, seems to be less bullish one the $9.16 billion market cap company. The stock increased 0.19% or $0.06 during the last trading session, reaching $34.25. About 150,127 shares traded. Open Text Corporation (NASDAQ:OTEX) has risen 0.38% since May 23, 2017 and is uptrending. It has underperformed by 11.17% the S&P500.

Another recent and important Open Text Corporation (NASDAQ:OTEX) news was published by Prnewswire.com which published an article titled: “OpenText to Bring Security to the Edges of the Network and Beyond” on May 15, 2018.

Among 12 analysts covering OpenText Corporation (NASDAQ:OTEX), 10 have Buy rating, 1 Sell and 1 Hold. Therefore 83% are positive. OpenText Corporation had 26 analyst reports since July 30, 2015 according to SRatingsIntel. The company was upgraded on Thursday, July 30 by RBC Capital Markets. As per Wednesday, November 1, the company rating was maintained by BMO Capital Markets. Macquarie Research downgraded it to “Sell” rating and $31.5 target in Wednesday, November 22 report. As per Wednesday, July 12, the company rating was maintained by RBC Capital Markets. Scotia Capital maintained the stock with “Buy” rating in Thursday, February 1 report. Barclays Capital maintained Open Text Corporation (NASDAQ:OTEX) rating on Thursday, October 29. Barclays Capital has “Overweight” rating and $55 target. RBC Capital Markets maintained Open Text Corporation (NASDAQ:OTEX) rating on Thursday, February 1. RBC Capital Markets has “Buy” rating and $46.0 target. The firm has “Overweight” rating by Barclays Capital given on Tuesday, July 28. Barclays Capital maintained it with “Overweight” rating and $46 target in Thursday, February 1 report. The stock of Open Text Corporation (NASDAQ:OTEX) has “Buy” rating given on Monday, April 4 by TD Securities.

Analysts await Open Text Corporation (NASDAQ:OTEX) to report earnings on August, 2. They expect $0.21 EPS, up 23.53% or $0.04 from last year’s $0.17 per share. OTEX’s profit will be $56.18 million for 40.77 P/E if the $0.21 EPS becomes a reality. After $0.22 actual EPS reported by Open Text Corporation for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

Beutel Goodman & Co Ltd, which manages about $36.47B and $13.70B US Long portfolio, upped its stake in Ingersoll (NYSE:IR) by 88,528 shares to 2.14M shares, valued at $152.80 million in 2017Q4, according to the filing. It also increased its holding in Verizon Communicatio (NYSE:VZ) by 348,651 shares in the quarter, for a total of 5.89M shares, and has risen its stake in Eli Lilly & Co (NYSE:LLY).

Since December 15, 2017, it had 0 insider buys, and 8 sales for $3.87 million activity. Another trade for 10,000 shares valued at $677,000 was sold by Carpenter Michael E.A..

Another recent and important Validus Holdings, Ltd. (NYSE:VR) news was published by Streetinsider.com which published an article titled: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” on May 15, 2018.

Among 9 analysts covering Validus Holdings (NYSE:VR), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Validus Holdings had 20 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Validus Holdings, Ltd. (NYSE:VR) earned “Hold” rating by Keefe Bruyette & Woods on Friday, June 2. The stock of Validus Holdings, Ltd. (NYSE:VR) earned “Market Perform” rating by Wood on Tuesday, January 23. The stock has “Hold” rating by Wood on Friday, April 28. The rating was maintained by UBS on Monday, October 30 with “Neutral”. On Monday, January 22 the stock rating was downgraded by Keefe Bruyette & Woods to “Hold”. Bank of America upgraded the stock to “Neutral” rating in Monday, May 2 report. Deutsche Bank downgraded Validus Holdings, Ltd. (NYSE:VR) on Monday, February 6 to “Hold” rating. The firm has “Neutral” rating given on Tuesday, February 13 by Buckingham Research. The company was initiated on Tuesday, June 28 by JP Morgan. The stock of Validus Holdings, Ltd. (NYSE:VR) earned “Buy” rating by Buckingham Research on Monday, September 11.

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