Vontobel Holding Ltd. Has $1.56 Million Holdings in Open Text Co. (NASDAQ:OTEX)

Vontobel Holding Ltd. increased its position in shares of Open Text Co. (NASDAQ:OTEX) (TSE:OTC) by 182.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,176 shares of the software maker’s stock after purchasing an additional 24,000 shares during the quarter. Vontobel Holding Ltd.’s holdings in Open Text were worth $1,563,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Open Text by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 418,847 shares of the software maker’s stock worth $17,759,000 after acquiring an additional 7,288 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Open Text by 14.1% in the 1st quarter. Sei Investments Co. now owns 213,916 shares of the software maker’s stock valued at $9,073,000 after purchasing an additional 26,359 shares in the last quarter. Aviva PLC bought a new position in shares of Open Text in the 1st quarter valued at $1,925,000. Canada Pension Plan Investment Board raised its holdings in shares of Open Text by 34.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 309,399 shares of the software maker’s stock worth $13,131,000 after buying an additional 79,800 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Open Text by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 9,079,999 shares of the software maker’s stock worth $384,993,000 after buying an additional 262,200 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors and hedge funds.

Open Text Stock Performance

NASDAQ OTEX opened at $35.05 on Friday. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 74.58 and a beta of 1.09. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.10. Open Text Co. has a twelve month low of $32.04 and a twelve month high of $45.47. The stock has a fifty day simple moving average of $38.21 and a 200 day simple moving average of $38.70.

Open Text (NASDAQ:OTEX) (TSE:OTC) last released its quarterly earnings results on Thursday, February 1st. The software maker reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.01. Open Text had a return on equity of 22.99% and a net margin of 2.24%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. Sell-side analysts expect that Open Text Co. will post 4.14 EPS for the current year.

Open Text Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.00 annualized dividend and a yield of 2.85%. Open Text’s payout ratio is 212.77%.

Analysts Set New Price Targets

A number of research analysts have issued reports on OTEX shares. TD Securities lifted their target price on Open Text from $53.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Citigroup dropped their price objective on shares of Open Text from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. StockNews.com raised shares of Open Text from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. BMO Capital Markets increased their price target on Open Text from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, CIBC boosted their price objective on Open Text from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Open Text has a consensus rating of “Moderate Buy” and a consensus target price of $46.25.

Open Text Company Profile

Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.