Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) declared a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Shareholders of record on Friday, September 1st will be given a dividend of 0.132 per share by the software maker on Friday, September 22nd. This represents a $0.53 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 30th.

Open Text Corporation (OTEX) opened at 31.86 on Tuesday. Open Text Corporation has a 1-year low of $29.30 and a 1-year high of $35.21. The firm’s 50-day moving average is $32.72 and its 200 day moving average is $33.06. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 7.95 and a beta of 0.51.

Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.07. Open Text Corporation had a return on equity of 8.92% and a net margin of 44.77%. The company had revenue of $663.60 million during the quarter, compared to analyst estimates of $662.36 million. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue was up 37.2% compared to the same quarter last year. Equities analysts anticipate that Open Text Corporation will post $2.47 EPS for the current fiscal year.

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Several equities analysts recently commented on OTEX shares. TD Securities reiterated a “buy” rating and issued a $52.00 target price on shares of Open Text Corporation in a research note on Tuesday, May 2nd. Scotiabank reiterated an “outperform” rating and issued a $56.00 target price (up from $41.00) on shares of Open Text Corporation in a research note on Thursday, May 4th. Zacks Investment Research lowered Open Text Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, May 13th. BidaskClub lowered Open Text Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Finally, BMO Capital Markets set a $38.00 price target on Open Text Corporation and gave the company a “buy” rating in a research report on Tuesday, May 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Open Text Corporation presently has a consensus rating of “Buy” and an average target price of $42.11.

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.

Dividend History for Open Text Corporation (NASDAQ:OTEX)

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