Media headlines about Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) have trended somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Open Text Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 47.0659717607154 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Open Text Corporation (OTEX) opened at 32.28 on Wednesday. The stock has a market cap of $8.49 billion, a P/E ratio of 8.05 and a beta of 0.48. Open Text Corporation has a 12 month low of $29.30 and a 12 month high of $35.21. The stock’s 50 day moving average is $32.59 and its 200 day moving average is $32.94.
Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) last posted its earnings results on Thursday, August 3rd. The software maker reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). The company had revenue of $663.60 million during the quarter, compared to the consensus estimate of $662.36 million. Open Text Corporation had a net margin of 44.77% and a return on equity of 8.92%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Analysts predict that Open Text Corporation will post $2.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $0.132 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, August 30th. Open Text Corporation’s payout ratio is 12.74%.
A number of brokerages recently weighed in on OTEX. Scotiabank restated an “outperform” rating and issued a $50.00 price objective (up previously from $41.00) on shares of Open Text Corporation in a report on Friday, August 4th. BidaskClub cut shares of Open Text Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price objective on shares of Open Text Corporation in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Open Text Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 price target on shares of Open Text Corporation in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $42.11.
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Open Text Corporation Company Profile
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.
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