OpenText (OTEX) Receives Daily News Impact Score of 0.18

Headlines about OpenText (NASDAQ:OTEX) (TSE:OTC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. OpenText earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 46.443411072315 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern’s analysis:

NASDAQ:OTEX traded up $0.37 during trading hours on Monday, reaching $34.55. The company had a trading volume of 302,056 shares, compared to its average volume of 622,341. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $9,085.36, a price-to-earnings ratio of 8.62 and a beta of 0.31. OpenText has a twelve month low of $30.88 and a twelve month high of $40.31.

OpenText (NASDAQ:OTEX) (TSE:OTC) last posted its quarterly earnings results on Wednesday, January 31st. The software maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.13. The business had revenue of $734.40 million during the quarter, compared to analysts’ expectations of $688.59 million. OpenText had a net margin of 7.20% and a return on equity of 6.82%. The business’s quarterly revenue was up 35.3% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. equities analysts predict that OpenText will post 0.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd were issued a $0.132 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, March 1st. OpenText’s payout ratio is 13.22%.

A number of equities analysts recently weighed in on OTEX shares. BidaskClub downgraded shares of OpenText from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th. Zacks Investment Research downgraded shares of OpenText from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Royal Bank of Canada reissued a “buy” rating and set a $46.00 target price (up previously from $40.00) on shares of OpenText in a research note on Thursday, February 1st. Raymond James Financial lifted their target price on shares of OpenText from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Barclays lifted their target price on shares of OpenText from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. OpenText currently has an average rating of “Buy” and an average price target of $44.18.

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About OpenText

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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