Open Text (TSE:OTEX) Hits New 1-Year High - Here's What Happened

Key Points

• Open Text Co. shares reached a new 52-week high of C$52.80, reflecting strong trading activity with a volume of 439,281 shares.
• The company reported earnings per share of C$0.97 for the last quarter, exceeding estimates, along with a net margin of 12.21% and a return on equity of 15.83%.
• Open Text recently increased its quarterly dividend to $0.275, up from $0.17, resulting in a yield of 2.1% and a dividend payout ratio of 63.64%.

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX shares hit a new 52-week high on Monday . The company traded as high as C$52.80 and last traded at C$52.70, with a volume of 439281 shares changing hands. The stock had previously closed at C$50.91.

Open Text Price Performance

The stock's fifty day moving average price is C$43.98 and its two-hundred day moving average price is C$39.94. The company has a current ratio of 0.87, a quick ratio of 1.34 and a debt-to-equity ratio of 157.46. The firm has a market capitalization of C$13.16 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87.

Open Text (TSE:OTEX - Get Free Report) NASDAQ: OTEX last announced its quarterly earnings results on Thursday, August 7th. The company reported C$0.97 EPS for the quarter, topping 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 last year, the company posted $0.98 EPS. Equities research analysts expect that Open Text Co. will post 4.9036649 EPS for the current year.

Open Text Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.275 per share. This is an increase from Open Text's previous quarterly dividend of $0.17. This represents a $1.10 annualized dividend and a yield of 2.1%. Open Text's dividend payout ratio (DPR) is presently 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.