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As Fluor New (FLR) Market Value Declined, Ipswich Investment Management Co Lowered Its Position; Open Text (OTEX) Holder Massachusetts Financial Services Company Raised Its Holding

Ipswich Investment Management Co decreased its stake in Fluor Corp New (FLR) by 25.62% based on its latest 2017Q3 regulatory filing with the SEC. Ipswich Investment Management Co sold 8,100 shares as the company’s stock declined 18.75% while stock markets rallied. The institutional investor held 23,517 shares of the military and government and technical company at the end of 2017Q3, valued at $990,000, down from 31,617 at the end of the previous reported quarter. Ipswich Investment Management Co who had been investing in Fluor Corp New for a number of months, seems to be less bullish one the $8.06 billion market cap company. The stock decreased 0.38% or $0.22 during the last trading session, reaching $57.63. About 1.37 million shares traded. Fluor Corporation (NYSE:FLR) has declined 7.15% since February 20, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Massachusetts Financial Services Company increased its stake in Open Text Corp (OTEX) by 65.23% based on its latest 2017Q3 regulatory filing with the SEC. Massachusetts Financial Services Company bought 141,569 shares as the company’s stock declined 3.85% while stock markets rallied. The institutional investor held 358,590 shares of the edp services company at the end of 2017Q3, valued at $11.58M, up from 217,021 at the end of the previous reported quarter. Massachusetts Financial Services Company who had been investing in Open Text Corp for a number of months, seems to be bullish on the $9.33 billion market cap company. The stock decreased 0.68% or $0.24 during the last trading session, reaching $35.11. About 483,978 shares traded. Open Text Corporation (NASDAQ:OTEX) has risen 15.94% since February 20, 2017 and is uptrending. It has underperformed by 0.76% the S&P500.

Among 18 analysts covering Fluor Corporation (NYSE:FLR), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Fluor Corporation had 52 analyst reports since July 31, 2015 according to SRatingsIntel. William Blair maintained Fluor Corporation (NYSE:FLR) rating on Friday, August 21. William Blair has “Outperform” rating and $65 target. KeyBanc Capital Markets maintained Fluor Corporation (NYSE:FLR) rating on Tuesday, September 19. KeyBanc Capital Markets has “Buy” rating and $50.0 target. On Friday, February 9 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was upgraded by Credit Suisse to “Buy” on Thursday, January 18. S&P Research upgraded the stock to “Buy” rating in Thursday, October 8 report. The firm has “Neutral” rating by UBS given on Friday, November 3. M Partners initiated the shares of FLR in report on Wednesday, June 29 with “Neutral” rating. The firm has “Buy” rating given on Friday, October 27 by Citigroup. UBS downgraded it to “Neutral” rating and $51 target in Friday, July 31 report. On Tuesday, November 8 the stock rating was downgraded by Credit Suisse to “Neutral”.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.32, from 1.13 in 2017Q2. It worsened, as 59 investors sold FLR shares while 144 reduced holdings. 35 funds opened positions while 129 raised stakes. 115.07 million shares or 1.01% less from 116.24 million shares in 2017Q2 were reported. Tocqueville Asset Management LP reported 418,018 shares or 0.2% of all its holdings. Fifth Third Bancorp holds 1,325 shares. Manatuck Hill Prns Limited Liability Company owns 20,000 shares. Piermont Management Incorporated has invested 0.07% in Fluor Corporation (NYSE:FLR). Seizert Capital Prtn Ltd Limited Liability Company holds 478,550 shares or 0.74% of its portfolio. Advisory Svcs Net Lc holds 0.02% or 4,758 shares. Gulf Intll Comml Bank (Uk) Ltd reported 46,469 shares. Commonwealth Equity Services stated it has 100,447 shares or 0.03% of all its holdings. Hendershot Invs accumulated 34,169 shares or 0.61% of the stock. Retail Bank Of Hawaii reported 0.03% in Fluor Corporation (NYSE:FLR). 279,012 were accumulated by First Trust Advsr Lp. Virtus Investment Advisers owns 0.02% invested in Fluor Corporation (NYSE:FLR) for 4,956 shares. Messner Smith Theme Value Inv Ca invested 0.03% of its portfolio in Fluor Corporation (NYSE:FLR). 7,367 are owned by Koch. Commonwealth Retail Bank Of Australia invested in 0.02% or 47,886 shares.

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