Researchers at RBC Capital Maintained their Buy rating for Open Text (OTEX). The Target Price is $40.0; Endurant Capital Management LP Has Lowered Its Unitedhealth Group (UNH) Stake

September 27, 2017 – By Vivian Currie

Among 8 analysts covering OpenText Corporation (NASDAQ:OTEX), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. OpenText Corporation has $76 highest and $36 lowest target. $49.25’s average target is 55.36% above currents $31.7 stock price. OpenText Corporation had 16 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Tuesday, July 28. On Tuesday, September 13 the stock rating was upgraded by BMO Capital Markets to “Outperform”. Barclays Capital maintained Open Text Corp (USA) (NASDAQ:OTEX) on Friday, August 4 with “Overweight” rating. On Thursday, August 3 the stock rating was maintained by BMO Capital Markets with “Buy”. Barclays Capital maintained Open Text Corp (USA) (NASDAQ:OTEX) rating on Thursday, October 29. Barclays Capital has “Overweight” rating and $55 target. The stock has “Buy” rating by TD Securities on Monday, April 4. Citigroup initiated it with “Neutral” rating and $36 target in Thursday, February 16 report. The rating was reinitiated by Barclays Capital on Tuesday, January 24 with “Overweight”. RBC Capital Markets maintained the shares of OTEX in report on Wednesday, July 12 with “Buy” rating. The stock of Open Text Corp (USA) (NASDAQ:OTEX) earned “Outperform” rating by RBC Capital Markets on Thursday, July 30.

Endurant Capital Management Lp decreased Unitedhealth Group Inc (UNH) stake by 6.26% reported in 2017Q2 SEC filing. Endurant Capital Management Lp sold 3,772 shares as Unitedhealth Group Inc (UNH)’s stock rose 9.50%. The Endurant Capital Management Lp holds 56,484 shares with $10.47M value, down from 60,256 last quarter. Unitedhealth Group Inc now has $188.74B valuation. The stock rose 1.30% or $2.51 reaching $195.21. About 1.73M shares traded. UnitedHealth Group Inc (NYSE:UNH) has risen 32.76% since September 27, 2016 and is uptrending. It has outperformed by 16.06% the S&P500.

Analysts await Open Text Corp (USA) (NASDAQ:OTEX) to report earnings on November, 2. They expect $0.11 EPS, down 73.17% or $0.30 from last year’s $0.41 per share. OTEX’s profit will be $29.18 million for 72.05 P/E if the $0.11 EPS becomes a reality. After $0.17 actual EPS reported by Open Text Corp (USA) for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

About 302,509 shares traded. Open Text Corp (USA) (NASDAQ:OTEX) has risen 15.94% since September 27, 2016 and is uptrending. It has underperformed by 0.76% the S&P500.

Open Text Corporation provides a platform and suite of software services and products that assist organizations in finding, utilizing, and sharing business information from any device. The company has market cap of $8.41 billion. The Firm designs, develops, markets and sells Enterprise Information Management software and solutions. It has a 7.61 P/E ratio. The Company’s EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.

Since May 4, 2017, it had 0 insider buys, and 3 selling transactions for $10.13 million activity. $990,227 worth of stock was sold by WILENSKY GAIL R on Friday, June 2. BURKE RICHARD T sold 47,500 shares worth $8.23 million. On Wednesday, June 7 BALLARD WILLIAM C JR sold $913,211 worth of UnitedHealth Group Inc (NYSE:UNH) or 5,000 shares.

Among 24 analysts covering UnitedHealth Group (NYSE:UNH), 24 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. UnitedHealth Group had 56 analyst reports since September 2, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained UnitedHealth Group Inc (NYSE:UNH) on Thursday, July 6 with “Buy” rating. Mizuho maintained the stock with “Buy” rating in Friday, November 20 report. The rating was maintained by RBC Capital Markets with “Buy” on Saturday, September 23. Morgan Stanley initiated the shares of UNH in report on Wednesday, June 7 with “Overweight” rating. Jefferies maintained the stock with “Buy” rating in Wednesday, August 16 report. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Buy” rating given on Friday, August 11 by Cowen & Co. The firm has “Overweight” rating given on Wednesday, September 9 by Morgan Stanley. The rating was initiated by Piper Jaffray with “Overweight” on Wednesday, January 4. The company was maintained on Wednesday, June 7 by Cantor Fitzgerald. Morgan Stanley maintained UnitedHealth Group Inc (NYSE:UNH) rating on Thursday, August 17. Morgan Stanley has “Overweight” rating and $215 target.

Endurant Capital Management Lp increased K2m Group Hldgs Inc (NASDAQ:KTWO) stake by 21,200 shares to 139,400 valued at $3.40M in 2017Q2. It also upped Biomarin Pharmaceutical Inc (NASDAQ:BMRN) stake by 4,200 shares and now owns 9,300 shares. Perkinelmer Inc (NYSE:PKI) was raised too.

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