News coverage about Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Open Text Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

OTEX has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Open Text Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 29th. Beacon Securities raised shares of Open Text Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. BidaskClub lowered shares of Open Text Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. TD Securities reaffirmed a “buy” rating and set a $52.00 target price on shares of Open Text Corporation in a report on Tuesday, May 2nd. Finally, Barclays PLC lifted their target price on shares of Open Text Corporation from $53.00 to $56.00 in a report on Tuesday, May 9th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.85.

Open Text Corporation (NASDAQ OTEX) traded down 0.03% during trading on Friday, hitting $32.97. 538,737 shares of the stock traded hands. The firm’s 50-day moving average is $32.24 and its 200-day moving average is $32.88. The stock has a market cap of $8.70 billion, a P/E ratio of 7.79 and a beta of 0.50. Open Text Corporation has a 12 month low of $29.25 and a 12 month high of $35.21.

Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) last announced its quarterly earnings results on Monday, May 8th. The software maker reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.16. Open Text Corporation had a net margin of 50.49% and a return on equity of 12.06%. The firm had revenue of $593.13 million during the quarter, compared to analysts’ expectations of $601.84 million. During the same quarter in the prior year, the business earned $0.40 EPS. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, analysts forecast that Open Text Corporation will post $2.01 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 26th were given a $0.132 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.60%. This is a boost from Open Text Corporation’s previous quarterly dividend of $0.12. Open Text Corporation’s dividend payout ratio (DPR) is currently 12.20%.

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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.

Insider Buying and Selling by Quarter for Open Text Corporation (NASDAQ:OTEX)

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