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Open Text (TSE:OTEX) Sets New 52-Week High - Time to Buy?

Open Text logo with Computer and Technology background

Key Points

  • Open Text Co. has reached a new 52-week high, trading at C$54.20, with a market cap of C$14.30 billion and a price-to-earnings ratio of 33.45.
  • The company reported earnings per share of C$0.97 for the last quarter, surpassing analysts' estimates and having a net margin of 12.21%.
  • Open Text recently increased its quarterly dividend from $0.17 to $0.275 per share, representing an annualized yield of 2.0%.
  • Five stocks to consider instead of Open Text.

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$54.20 and last traded at C$54.16, with a volume of 14186 shares trading hands. The stock had previously closed at C$53.95.

Open Text Price Performance

The company has a 50 day simple moving average of C$46.91 and a 200-day simple moving average of C$41.17. The stock has a market cap of C$14.30 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.35 and a beta of 0.87. The company has a quick ratio of 1.34, a current ratio of 0.87 and a debt-to-equity ratio of 157.46.

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 earnings per share for the quarter, topping analysts' consensus estimates of C$0.83 by C$0.14. Open Text had a return on equity of 15.83% and a net margin of 12.21%.During the same quarter in the previous year, the business posted $0.98 EPS. As a group, research analysts anticipate that Open Text Co. will post 4.9036649 EPS for the current fiscal year.

Open Text Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Open Text's previous quarterly dividend of $0.17. Open Text's dividend payout ratio is presently 63.64%.

Open Text Company Profile

(Get Free Report)

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.

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