News coverage about Open Text (NASDAQ:OTEX) (TSE:OTC) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Open Text earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.8767461981191 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

NASDAQ:OTEX opened at $38.93 on Tuesday. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 42.78 and a beta of 0.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.98. Open Text has a fifty-two week low of $31.00 and a fifty-two week high of $40.31.

Open Text (NASDAQ:OTEX) (TSE:OTC) last released its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $754.30 million during the quarter, compared to analyst estimates of $732.02 million. Open Text had a net margin of 8.60% and a return on equity of 8.14%. Open Text’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. equities research analysts expect that Open Text will post 0.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, August 31st will be paid a dividend of $0.1518 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.61 dividend on an annualized basis and a yield of 1.56%. Open Text’s dividend payout ratio is currently 67.03%.

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Open Text from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday. TD Securities increased their price target on shares of Open Text from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday. Industrial Alliance Securities increased their price target on shares of Open Text from $40.00 to $42.00 in a research note on Friday. Raymond James increased their price target on shares of Open Text from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BidaskClub upgraded shares of Open Text from a “hold” rating to a “buy” rating in a research note on Wednesday, June 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.18.

Open Text Company Profile

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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