Open Textual content stated on February 2, 2023 that its board of administrators declared a regular
quarterly dividend of $0.00 per share ($0.00 annualized).
Shareholders of document as of March 2, 2023
will obtain the fee on March 23, 2023.
Beforehand, the corporate paid $0.00 per share.
On the present share worth of $35.41 / share,
the inventory’s dividend yield is 0.00%.
Trying again 5 years and taking a pattern each week, the typical dividend yield has been
1.89%,
the bottom has been 1.44%,
and the very best has been 3.71%.
The usual deviation of yields is 0.49 (n=236).
The present dividend yield is
3.87 commonplace deviations
beneath
the historic common.
Moreover, the corporate’s dividend payout ratio is 0.82.
The payout ratio tells us how a lot of an organization’s revenue is paid out in dividends. A payout ratio of 1 (1.0)
means 100% of the corporate’s revenue is paid in a dividend.
A payout ratio higher than one means the corporate is dipping into financial savings as a way to preserve its dividend – not a
wholesome scenario.
Firms with few progress prospects are anticipated to pay out most of their revenue in dividends, which generally
means a payout ratio between 0.5 and 1.0.
Firms with good progress prospects are anticipated to retain some earnings as a way to make investments
in these progress prospects, which interprets to a payout ratio of zero to 0.5.
The corporate’s 3-12 months dividend progress charge is 0.39%,
demonstrating that it has elevated its dividend over time.
Analyst Value Forecast Suggests 3.31% Upside
As of February 9, 2023,
the typical one-year price target for Open Textual content is $36.58.
The forecasts vary from a low of $28.03 to a excessive of $47.01.
The common worth goal represents a rise of three.31% from its newest reported closing worth of $35.41.
The projected annual income for Open Textual content
is $3,540MM, a rise of 0.16%.
The projected annual EPS
is $3.21, a rise of 172.52%.
What’s the Fund Sentiment?
There are 489 funds or institutions reporting positions in Open Textual content.
That is a lower
of
15
proprietor(s) or 2.98% within the final quarter.
Common portfolio weight of all funds devoted to OTEX is 0.27%,
a lower
of seven.84%.
Whole shares owned by establishments elevated
within the final three months by 4.88% to 191,577K shares.
The put/call ratio of OTEX is 0.65, indicating a
bullish
outlook.
What are massive shareholders doing?
Jarislowsky, Fraser
holds 14,874K shares
representing 5.57% possession of the corporate.
In it is prior submitting, the agency reported proudly owning 15,138K shares, representing
a lower
of 1.77%.
The agency
decreased
its portfolio allocation in OTEX by 24.59% over the past quarter.
Royal Bank Of Canada
holds 12,060K shares
representing 4.51% possession of the corporate.
In it is prior submitting, the agency reported proudly owning 12,857K shares, representing
a lower
of 6.61%.
The agency
decreased
its portfolio allocation in OTEX by 29.99% over the past quarter.
Harris Associates L P
holds 11,871K shares
representing 4.44% possession of the corporate.
In it is prior submitting, the agency reported proudly owning 10,897K shares, representing
a rise
of 8.21%.
The agency
decreased
its portfolio allocation in OTEX by 17.43% over the past quarter.
Mackenzie Financial
holds 9,697K shares
representing 3.63% possession of the corporate.
In it is prior submitting, the agency reported proudly owning 10,938K shares, representing
a lower
of 12.80%.
The agency
decreased
its portfolio allocation in OTEX by 33.55% over the past quarter.
Beutel, Goodman & Co
holds 9,172K shares
representing 3.43% possession of the corporate.
In it is prior submitting, the agency reported proudly owning 9,365K shares, representing
a lower
of two.10%.
The agency
decreased
its portfolio allocation in OTEX by 24.81% over the past quarter.
Open Textual content Background Data
(This description is supplied by the corporate.)
OpenText, The Data Firm™, permits organizations to realize perception via market main info administration options, on-premises or within the cloud.
This story initially appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
