Open Text Corporation (USA) (OTEX) : North Point Portfolio Managers Corpoh reduced its stake in Open Text Corporation (USA) by 1.43% during the most recent quarter end. The investment management company now holds a total of 253,754 shares of Open Text Corporation (USA) which is valued at $14,189,924 after selling 3,679 shares in Open Text Corporation (USA) , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Open Text Corporation (USA) makes up approximately 2.73% of North Point Portfolio Managers Corpoh’s portfolio.
Open Text Corporation (USA) closed down -0.2 points or -0.36% at $55.72 with 2,84,867 shares getting traded on Monday. Post opening the session at $55.98, the shares hit an intraday low of $55.19 and an intraday high of $56.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Sheaff Brock Investment Advisors added OTEX to its portfolio by purchasing 7,134 company shares during the most recent quarter which is valued at $398,933. Open Text Corporation (USA) makes up approx 0.05% of Sheaff Brock Investment Advisors’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in OTEX in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 36,428 shares of Open Text Corporation (USA) which is valued at $2,024,304. Open Text Corporation (USA) makes up approx 0.03% of Gulf International Bank (uk) Ltd’s portfolio.Dorchester Wealth Management Co reduced its stake in OTEX by selling 470 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 55,530 shares of OTEX which is valued at $3,085,802. Open Text Corporation (USA) makes up approx 1.13% of Dorchester Wealth Management Co’s portfolio. Acadian Asset Management sold out all of its stake in OTEX during the most recent quarter. The investment firm sold 4,400 shares of OTEX which is valued $237,688.
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. Company shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .
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.