Open Text (OTEX) Earning Somewhat Favorable News Coverage, Accern Reports

News coverage about Open Text (NASDAQ:OTEX) (TSE:OTC) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Open Text earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 46.4275262404199 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

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

Several equities research analysts recently commented on the stock. BidaskClub downgraded shares of Open Text from a “hold” rating to a “sell” rating in a research report on Tuesday. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Open Text in a research report on Thursday, November 2nd. Raymond James Financial downgraded shares of Open Text to an “underperform” rating and set a $40.00 price target for the company. in a research report on Wednesday, November 22nd. Macquarie reduced their price target on shares of Open Text from $43.00 to $40.00 in a research report on Thursday, November 23rd. Finally, CIBC upped their price target on shares of Open Text from $41.00 to $42.00 in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.27.

Open Text (NASDAQ:OTEX) traded down $0.14 during mid-day trading on Tuesday, reaching $33.83. 339,297 shares of the company’s stock were exchanged, compared to its average volume of 680,850. Open Text has a 12 month low of $30.88 and a 12 month high of $35.80. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.67. The stock has a market cap of $8,980.00, a P/E ratio of 58.33 and a beta of 0.44.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st were given a $0.132 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.53 dividend on an annualized basis and a yield of 1.56%. Open Text’s payout ratio is 91.38%.

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About Open Text

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.

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