1 week Ago By ABMN Staff
Open Text Co. ( NASDAQ:OTEX – Get Free Report ) (TSE:OTC) has been given an average rating of “Hold” by the twelve research firms that are covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.
The average 12-month price objective among brokers that have issued a report on the stock in the last year is $35.55. Several analysts have recently commented on OTEX shares.
BMO Capital Markets decreased their target price on Open Text from $33.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, November 1st.
TD Securities lowered their price objective on shares of Open Text from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, December 30th.
StockNews.com upgraded shares of Open Text from a “buy” rating to a “strong-buy” rating in a research report on Friday. Scotiabank dropped their price objective on shares of Open Text from $40.
00 to $35.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Finally, Barclays lowered their price objective on Open Text from $36.
00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Check Out Our Latest Stock Analysis on OTEX Institutional Investors Weigh In On Open Text Open Text Stock Up 1.
1 % Shares of NASDAQ:OTEX opened at $28.57 on Wednesday. The company has a market capitalization of $7.
56 billion, a PE ratio of 16.51 and a beta of 1.12.
The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.
79. The company’s fifty day moving average is $29.57 and its 200-day moving average is $30.
95. Open Text has a 52 week low of $27.05 and a 52 week high of $45.
47. Open Text ( NASDAQ:OTEX – Get Free Report ) (TSE:OTC) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $0.
93 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.13.
The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion.
Open Text had a net margin of 8.35% and a return on equity of 24.34%.
The company’s revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.
90 earnings per share. Equities research analysts predict that Open Text will post 3.37 earnings per share for the current fiscal year.
Open Text Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a $0.262 dividend.
This represents a $1.05 dividend on an annualized basis and a dividend yield of 3.67%.
The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Open Text’s previous quarterly dividend of $0.19.
Open Text’s payout ratio is currently 60.69%. About Open Text ( Get Free Report Open Text Corporation provides information management software and solutions.
The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation. Further Reading Receive News & Ratings for Open Text Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Open Text and related companies with MarketBeat.com's FREE daily email newsletter .
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