2 weeks Ago By Defense World Staff
Shares of Open Text Co. ( NASDAQ:OTEX – Get Free Report ) (TSE:OTC) have been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.
The average 12 month price target among brokerages that have issued a report on the stock in the last year is $35.90. OTEX has been the subject of a number of research analyst reports.
TD Securities reduced their target price on Open Text from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 1st.
BMO Capital Markets decreased their price objective 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.
Jefferies Financial Group reduced their target price on shares of Open Text from $42.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, August 2nd.
CIBC lowered their price target on shares of Open Text from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th.
Finally, Scotiabank decreased their target price on shares of Open Text from $40.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st.
View Our Latest Stock Report on OTEX Institutional Inflows and Outflows Open Text Stock Performance Shares of OTEX stock opened at $28.94 on Tuesday. The company has a current ratio of 0.
79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54.
Open Text has a 12-month low of $27.50 and a 12-month high of $45.47.
The business’s 50 day moving average is $32.32 and its two-hundred day moving average is $31.23.
The company has a market capitalization of $7.69 billion, a P/E ratio of 16.82 and a beta of 1.
13. Open Text ( NASDAQ:OTEX – Get Free Report ) (TSE:OTC) last announced its earnings results on Thursday, October 31st. The software maker reported $0.
93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13.
Open Text had a return on equity of 24.34% and a net margin of 8.35%.
The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion.
During the same quarter last year, the firm posted $0.90 EPS. The business’s revenue was down 11.
0% on a year-over-year basis. Analysts expect that Open Text will post 3.37 EPS for the current fiscal year.
Open Text Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.262 per share.
The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Open Text’s previous quarterly dividend of $0.19.
This represents a $1.05 dividend on an annualized basis and a yield of 3.62%.
Open Text’s dividend payout ratio is 60.69%. Open Text Company Profile ( 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. Featured Stories Five stocks we like better than Open Text Why Are Stock Sectors Important to Successful Investing? 3 GARP Stocks Offering Strong Growth: Aptiv, Allstate, Barrick 5 Top Rated Dividend Stocks to Consider Mouse Rising: The Iger Investment Pays Off for Disney Investors 3 Warren Buffett Stocks to Buy Now Can CAVA Stock Be the Next Chipotle? Earnings Can Help 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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