EPS for Open Text (OTEX) Expected At $0.31; Pzena Investment Management Has Lowered Interpublic Group Of Cos (IPG) Stake By $10.07 Million

July 17, 2017 - By Ellis Scott

Analysts expect Open Text Corp (TSE:OTEX) to report $0.31 EPS on August, 3 after the close.They anticipate $0.24 EPS change or 43.64% from last quarter’s $0.55 EPS. T_OTC’s profit would be $81.24M giving it 33.60 P/E if the $0.31 EPS is correct. After having $0.11 EPS previously, Open Text Corp’s analysts see 181.82% EPS growth. About 171,473 shares traded. Open Text Corp (TSE:OTEX) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Pzena Investment Management Llc decreased Interpublic Group Of Cos Inc (IPG) stake by 3.95% reported in 2016Q4 SEC filing. Pzena Investment Management Llc sold 437,762 shares as Interpublic Group Of Cos Inc (IPG)’s stock declined 0.78%. The Pzena Investment Management Llc holds 10.65 million shares with $249.34M value, down from 11.09M last quarter. Interpublic Group Of Cos Inc now has $9.87B valuation. The stock rose 0.69% or $0.17 reaching $24.86. About 1.47M shares traded. Interpublic Group of Companies Inc (NYSE:IPG) has risen 3.01% since July 17, 2016 and is uptrending. It has underperformed by 13.69% the S&P500.

Pzena Investment Management Llc increased Shinhan Financial Group (NYSE:SHG) stake by 26,675 shares to 60,275 valued at $2.27 million in 2016Q4. It also upped Scansource Inc (NASDAQ:SCSC) stake by 321,099 shares and now owns 1.40 million shares. Trimas Corp (NASDAQ:TRS) was raised too.

Analysts await Interpublic Group of Companies Inc (NYSE:IPG) to report earnings on July, 25 before the open. They expect $0.34 earnings per share, up 3.03% or $0.01 from last year’s $0.33 per share. IPG’s profit will be $134.99 million for 18.28 P/E if the $0.34 EPS becomes a reality. After $0.05 actual earnings per share reported by Interpublic Group of Companies Inc for the previous quarter, Wall Street now forecasts 580.00% EPS growth.

Investors sentiment increased to 1 in Q4 2016. Its up 0.12, from 0.88 in 2016Q3. It improved, as 45 investors sold IPG shares while 156 reduced holdings. 64 funds opened positions while 138 raised stakes. 373.90 million shares or 2.75% more from 363.88 million shares in 2016Q3 were reported. Gotham Asset Mgmt Limited Company reported 0.16% in Interpublic Group of Companies Inc (NYSE:IPG). 32,013 were reported by Quantitative Systematic Strategies Ltd Llc. Hbk Investments Limited Partnership has invested 0.17% of its portfolio in Interpublic Group of Companies Inc (NYSE:IPG). First Manhattan holds 0% of its portfolio in Interpublic Group of Companies Inc (NYSE:IPG) for 4,092 shares. Moreover, New York State Common Retirement Fund has 0.03% invested in Interpublic Group of Companies Inc (NYSE:IPG) for 1.05M shares. Massachusetts-based Westfield Management Com Limited Partnership has invested 0.27% in Interpublic Group of Companies Inc (NYSE:IPG). Smithfield Trust owns 18,150 shares. Cornerstone Capital Management Company stated it has 700,521 shares. Gabelli Funds Limited Co invested in 3.45 million shares or 0.48% of the stock. Tci Wealth Advsr holds 0% of its portfolio in Interpublic Group of Companies Inc (NYSE:IPG) for 54 shares. Swiss Comml Bank holds 0.04% of its portfolio in Interpublic Group of Companies Inc (NYSE:IPG) for 1.11 million shares. First Mercantile holds 3,600 shares or 0.01% of its portfolio. Moreover, Carroll Fincl has 0% invested in Interpublic Group of Companies Inc (NYSE:IPG). Hartford Inv Mngmt reported 96,852 shares. Act Ii Limited Partnership owns 300,595 shares for 5.09% of their portfolio.

Among 14 analysts covering Interpublic Group of Companies (NYSE:IPG), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Interpublic Group of Companies had 23 analyst reports since September 7, 2015 according to SRatingsIntel. The stock of Interpublic Group of Companies Inc (NYSE:IPG) earned “Outperform” rating by Telsey Advisory Group on Monday, April 24. Zacks upgraded the stock to “Buy” rating in Monday, September 7 report. The stock has “Outperform” rating by Credit Suisse on Thursday, September 15. The stock has “Hold” rating by Pivotal Research on Thursday, January 12. The firm earned “Top Pick” rating on Friday, October 7 by RBC Capital Markets. The stock has “Buy” rating by BMO Capital Markets on Thursday, July 13. The firm has “Top Pick” rating given on Friday, January 6 by RBC Capital Markets. Morgan Stanley upgraded the stock to “Overweight” rating in Friday, December 18 report. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, April 12. Wells Fargo maintained Interpublic Group of Companies Inc (NYSE:IPG) on Thursday, April 13 with “Buy” rating.

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