Open Text (OTEX) Given Coverage Optimism Score of 0.18
News stories about Open Text (NASDAQ:OTEX) (TSE:OTC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Open Text earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 45.923476125174 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Water bottling remains hot topic at Walla Walla County meeting (union-bulletin.com)
- Teams Show Off Their Strategic Thinking at the First-ever Investment Competition Regional Finals in China (kwhs.wharton.upenn.edu)
- Attorney General: GBI asked to investigate alleged violations by former Mayor Kasim Reed’s press team (cbs46.com)
- NJ Politics Digest: Students, Schools Prepare for Gun Protest Walk Outs (msn.com)
- Blog: Opening week at the new Barrett & O’Connor Washington Center (asunow.asu.edu)
Several research firms have recently commented on OTEX. BMO Capital Markets restated a “buy” rating and issued a $42.00 price target on shares of Open Text in a report on Thursday, February 1st. National Bank Financial boosted their price objective on shares of Open Text from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Barclays upped their price target on shares of Open Text from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Zacks Investment Research upgraded shares of Open Text from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, February 7th. Finally, Raymond James Financial upped their price objective on shares of Open Text from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $44.18.
Open Text (NASDAQ:OTEX) (TSE:OTC) last released its quarterly earnings data on Wednesday, January 31st. The software maker reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.13. The firm had revenue of $734.40 million during the quarter, compared to analysts’ expectations of $688.59 million. Open Text had a net margin of 7.20% and a return on equity of 6.82%. Open Text’s revenue was up 35.3% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. equities research analysts expect that Open Text will post 0.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.132 per share. This represents a $0.53 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, March 1st. Open Text’s dividend payout ratio (DPR) is presently 74.65%.
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Open Text 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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