The fund owned 172,088 shares of the software maker's stock after buying an additional 72,632 shares during the quarter. Burney Co. owned 0.08% of Open Text Corporation worth $6,220,000 as of its most recent SEC filing.
Trading volume for Open Text Corporation was 1,180K on Tuesday. Jarislowsky Fraser Ltd now owns 17,149,056 shares of the software maker's stock valued at $581,219,000 after purchasing an additional 8,457,300 shares during the period. FMR LLC increased its holdings in shares of Open Text Corporation by 116.9% in the first quarter. New South Capital Management Inc. grew its holdings in Open Text Corporation by 92.1% during the first quarter. Tyers Asset Management LLC now owns 5,404 shares of the software maker's stock worth $184,000 after acquiring an additional 2,688 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Open Text Corporation by 126.5% during the first quarter. Creative Planning now owns 4,514 shares of the software maker's stock worth $154,000 after acquiring an additional 2,257 shares during the last quarter. Disciplined Growth Investors Inc bought 81,646 shares as the company's stock declined 3.85% while stock markets rallied.
Other hedge funds also recently made changes to their positions in the company. If you are reading this article on another publication, it was illegally copied and reposted in violation of worldwide copyright and trademark legislation. Open Text Corporation earned a media sentiment score of 0.13 on Accern's scale.
Company shares last traded at $32.14 slightly below $32.38, the stock's 50 day moving average and which is marginally lower than the 200 day moving average of $32.91. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 8.04 and a beta of 0.48. After $-0.22 actual EPS reported by Northwest Pipe Company for the previous quarter, Wall Street now forecasts -68.18% EPS growth.
Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) last posted its quarterly earnings data on Thursday, August 3rd. The business had revenue of $663.60 million for the quarter, compared to analyst estimates of $662.36 million. Open Text Corporation had a return on equity of 8.92% and a net margin of 44.77%. The company's revenue for the quarter was up 37.2% on a year-over-year basis. During the same period past year, the firm earned $0.45 EPS. Analysts predict that Open Text Corporation will post $2.48 earnings per share for the current fiscal year. Investors of record on Friday, September 1st will be issued a dividend of $0.132 per share. This represents a $0.53 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Wednesday the 30th of August 2017. Open Text Corporation's payout ratio is now 12.74%.
Several brokerages have recently weighed in on OTEX. BMO Capital Markets maintained the stock with "Buy" rating in Thursday, August 3 report. Zacks Investment Research raised Open Text Corporation from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 12th. Open Text Corporation declared a dividend which was paid on Friday the 16th of June 2017. Finally, Royal Bank Of Canada reissued a "buy" rating and set a $40.00 price objective on shares of Open Text Corporation in a report on Wednesday, July 12th. The rating was maintained by RBC Capital Markets on Wednesday, July 12 with "Buy". Open Text Corporation now has an average rating of "Buy" and a consensus price target of $42.11.
Open Text Corporation, launched on July 1, 2016, 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. The Company's EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.