Temenos Group (OTCMKTS:TMSNY) Trading 0.3% Higher - Here's Why

Key Points

• Shares of Temenos Group (OTCMKTS:TMSNY) increased by 0.3%, closing at $90.38 with a trading volume of 5,554 shares, a 42% rise from the average session volume.
• Deutsche Bank has maintained a "hold" rating on Temenos Group shares, reflecting moderate expectations for the company's performance.
• Temenos Group announced an increase in its dividend to $0.9769 per share, up from a previous dividend of $0.80, resulting in a substantial dividend yield of 131.0%.

Shares of Temenos Group (OTCMKTS:TMSNY - Get Free Report) traded up 0.3% on Tuesday . The company traded as high as $90.89 and last traded at $90.38. 5,554 shares were traded during trading, an increase of 42% from the average session volume of 3,924 shares. The stock had previously closed at $90.14.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Temenos Group in a research note on Thursday, April 24th.

Temenos Group Stock Performance

The stock's 50 day moving average is $77.53 and its two-hundred day moving average is $78.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.59 and a current ratio of 0.59.

Temenos Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 19th were paid a dividend of $0.9769 per share. The ex-dividend date was Friday, May 16th. This is a positive change from Temenos Group's previous dividend of $0.80. This represents a dividend yield of 131.0%.

Temenos Group Company Profile

Temenos AG develops, markets, and sells integrated banking software systems to banking and other financial institutions worldwide. Its Temenos Banking Cloud helps banks to offer open banking services. The company provides Temenos Infinity, a digital banking platform; Temenos Transact, a core banking software for retail, corporate, treasury, wealth, and payments; Temenos Payments, a software-as-a-service payments technology; Temenos Multifonds, a platform for traditional and alternative funds, as well as offers key asset servicing, position keeping, valuation and accounting functions for various structures of pooled vehicles and funds; Temenos Multifonds Navigator, a net asset value shadow, oversight, and contingency solution; and Temenos Quantum, a multi-experience development platform.

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