Open Text Corp (TSE:OTEX) (NASDAQ:OTEX) was up 0.2% on Thursday . The stock traded as high as C$41.90 and last traded at C$41.77. Approximately 173,833 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 399,137 shares. The stock had previously closed at C$41.69.

Separately, Macquarie cut their price target on shares of Open Text from C$43.00 to C$40.00 in a research note on Thursday, November 23rd. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of C$43.57.

The stock has a market capitalization of $11,070.00, a P/E ratio of 57.22 and a beta of 0.08.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st were issued a dividend of $0.17 per share. This is a positive change from Open Text’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, November 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.63%. Open Text’s dividend payout ratio (DPR) is presently 67.67%.

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About Open Text

Open Text Corporation provides a suite of software products and services that assist organizations in finding, utilizing, and sharing business information from various devices. The company offers content solutions that provide content and records management, archiving, and email management and capture solutions, as well as Core, a software as a service based multi-tenant cloud solution; business process management for analyzing, automating, monitoring, and optimizing structured business processes; and customer experience management products, which offer Web content management, digital asset management, customer communications management, social software, and portal.

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