Open Text (TSE:OTEX) Reaches New 1-Year High - Still a Buy?

Key Points

• Open Text (TSE:OTEX) reached a new 52-week high at C$52.52, closing at C$52.20 amid a trading volume of 1,282,601 shares.
• The company reported a quarterly EPS of C$0.97, exceeding the consensus estimate of C$0.83, with a net margin of 12.21% and a return on equity of 15.83%.
• Open Text announced an increase in its quarterly dividend to $0.275 per share, up from $0.17, representing a dividend yield of 2.1%.

Shares of Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$52.52 and last traded at C$52.20, with a volume of 1282601 shares traded. The stock had previously closed at C$49.41.

Open Text Stock Down 1.3%

The company's 50 day moving average price is C$43.71 and its two-hundred day moving average price is C$39.80. The firm has a market cap of C$12.95 billion, a PE ratio of 30.85, a PEG ratio of 1.35 and a beta of 0.87. The company has a current ratio of 0.87, a quick ratio of 1.34 and a debt-to-equity ratio of 157.46.

Open Text (TSE:OTEX - Get Free Report) NASDAQ: OTEX last announced its quarterly earnings data on Thursday, August 7th. The company reported C$0.97 EPS for the quarter, beating the consensus estimate of C$0.83 by C$0.14. Open Text had a net margin of 12.21% and a return on equity of 15.83%. During the same quarter in the prior year, the business posted $0.98 EPS. On average, equities research analysts expect that Open Text Co. will post 4.9036649 EPS for the current fiscal year.

Open Text Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a $0.275 dividend. This is an increase from Open Text's previous quarterly dividend of $0.17. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.2%. Open Text's payout ratio is 63.64%.

Open Text Company Profile

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.