News headlines about Open Text Corp (NASDAQ:OTEX) (TSE:OTC) have trended positive recently, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Open Text Corp earned a media sentiment score of 0.50 on Alpha One’s scale. Alpha One also gave news stories about the software maker an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Alpha One Sentiment’s analysis:
- Open Text Corp. – Value Analysis (NASDAQ:OTEX) : April 19, 2017 (finance.yahoo.com)
- Open Text Corp. breached its 50 day moving average in a Bullish Manner : OTEX-US : April 18, 2017 (finance.yahoo.com)
- Favorable Press Coverage Somewhat Unlikely to Effect Open Text Corp (OTEX) Stock Price (americanbankingnews.com)
- Open Text Corp (OTEX) Expected to Post Quarterly Sales of $597.86 Million (americanbankingnews.com)
- Analysts Anticipate Open Text Corp (OTEX) to Announce $0.24 EPS (americanbankingnews.com)
OTEX has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Open Text Corp from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 29th. Barclays PLC initiated coverage on shares of Open Text Corp in a report on Tuesday, January 24th. They issued an “overweight” rating and a $76.00 target price for the company. Mitsubishi UFJ Financial Group reissued an “overweight” rating and issued a $72.00 target price on shares of Open Text Corp in a report on Tuesday, January 24th. Finally, Citigroup Inc initiated coverage on shares of Open Text Corp in a report on Thursday, February 16th. They issued a “neutral” rating and a $36.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $67.64.
Open Text Corp (NASDAQ:OTEX) traded down 0.32% on Friday, reaching $33.96. 197,877 shares of the company’s stock traded hands. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 7.48 and a beta of 0.83. Open Text Corp has a 52 week low of $25.92 and a 52 week high of $35.07. The firm has a 50-day moving average price of $33.73 and a 200-day moving average price of $32.33.
Open Text Corp (NASDAQ:OTEX) last announced its earnings results on Thursday, February 2nd. The software maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Open Text Corp had a return on equity of 16.61% and a net margin of 56.84%. The company earned $542.70 million during the quarter, compared to analysts’ expectations of $532.93 million. During the same period last year, the business posted $1.01 EPS. Open Text Corp’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts predict that Open Text Corp will post $2.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Friday, March 3rd were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Wednesday, March 1st. Open Text Corp’s dividend payout ratio (DPR) is 10.11%.
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About Open Text Corp
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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