Open Text Corporation (USA) (OTEX) : Jarislowsky Fraser Ltd scooped up 729 additional shares in Open Text Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 8,587,438 shares of Open Text Corporation (USA) which is valued at $478.1 Million.Open Text Corporation (USA) makes up approximately 3.34% of Jarislowsky Fraser Ltd’s portfolio.
Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in OTEX in the latest quarter, The investment management firm added 95,900 additional shares and now holds a total of 432,379 shares of Open Text Corporation (USA) which is valued at $24.1 Million. Open Text Corporation (USA) makes up approx 0.36% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Shell Asset Management Co reduced its stake in OTEX by selling 2,500 shares or 8.67% in the most recent quarter. The Hedge Fund company now holds 26,320 shares of OTEX which is valued at $1.5 Million. Open Text Corporation (USA) makes up approx 0.04% of Shell Asset Management Co’s portfolio.Agf Investments boosted its stake in OTEX in the latest quarter, The investment management firm added 9,761 additional shares and now holds a total of 280,325 shares of Open Text Corporation (USA) which is valued at $15.3 Million. Open Text Corporation (USA) makes up approx 0.18% of Agf Investments’s portfolio. Quantitative Investment Management added OTEX to its portfolio by purchasing 5,900 company shares during the most recent quarter which is valued at $321,609. Open Text Corporation (USA) makes up approx 0.02% of Quantitative Investment Management’s portfolio.
Open Text Corporation (USA) opened for trading at $55.78 and hit $56.61 on the upside on Friday, eventually ending the session at $56.4, with a gain of 1.38% or 0.77 points. The heightened volatility saw the trading volume jump to 2,84,440 shares. Company has a market cap of $6,841 M.
On the company’s financial health, Open Text Corporation (USA) reported $0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.84. The company had revenue of $440.50 million for the quarter, compared to analysts expectations of $450.99 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.
Many Wall Street Analysts have commented on Open Text Corporation (USA). Company shares were Reiterated by The Benchmark Company on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Open Text Corporation (USA) was Initiated by TD Securities to “Buy” on Apr 4, 2016.
Open Text Corporation is a Canada-based company operating in enterprise information market (EIM). The Company provides software products and services to organizations in finding utilizing and sharing business information. The Company’s products and services include enterprise content management (ECM) business process management (BPM) customer experience management (CEM) information exchange (iX) discovery and analytics and reporting. Its ECM solutions include content management archiving and core among others. Its BPM solutions include process suite platform capture and recognition systems and process suite solutions. Its CEM solutions include Web content management digital asset management and portal. Its iX solutions include business-to-business (B2B) integration fax solutions and secure messaging. Its discovery solutions include search and InfoFusion. Its analytics and reporting solutions include embedded analytics and reporting and advanced analytics.