Key Points
- Open Text insider Paul Michael Duggan sold 4,623 shares on May 29 at an average price of C$32.82, totaling about C$151,727. After the sale, he still held 18,414 shares, a 20.07% reduction in his ownership.
- Duggan also made two other recent sales of Open Text shares, including 4,624 shares on June 1 and 4,623 shares on May 26, indicating a pattern of insider selling over several trading days.
- Open Text shares were up 7.1% in Tuesday trading, with the stock opening at C$35.11. The company recently reported quarterly EPS of C$1.40 on revenue of C$1.78 billion, while analysts currently rate the stock a consensus Hold with an average target price of C$27.50.
Open Text Co. (TSE:OTEX - Get Free Report) (NASDAQ:OTEX) insider Paul Michael Duggan sold 4,623 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$32.82, for a total transaction of C$151,726.86. Following the transaction, the insider owned 18,414 shares in the company, valued at C$604,347.48. This trade represents a 20.07% decrease in their ownership of the stock.
Paul Michael Duggan also recently made the following trade(s):
- On Monday, June 1st, Paul Michael Duggan sold 4,624 shares of Open Text stock. The shares were sold at an average price of C$33.70, for a total transaction of C$155,828.80.
- On Tuesday, May 26th, Paul Michael Duggan sold 4,623 shares of Open Text stock. The shares were sold at an average price of C$32.12, for a total transaction of C$148,490.76.
Open Text Trading Up 7.1%
TSE OTEX opened at C$35.11 on Tuesday. Open Text Co. has a 12 month low of C$27.63 and a 12 month high of C$56.00. The company has a debt-to-equity ratio of 161.91, a current ratio of 0.92 and a quick ratio of 1.34. The company has a market capitalization of C$8.52 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. The company's fifty day moving average price is C$31.39 and its two-hundred day moving average price is C$37.23.
Open Text (TSE:OTEX - Get Free Report) (NASDAQ:OTEX) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$1.40 EPS for the quarter. Open Text had a net margin of 9.89% and a return on equity of 12.88%. The firm had revenue of C$1.78 billion for the quarter. As a group, research analysts predict that Open Text Co. will post 4.9036649 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
OTEX has been the topic of a number of recent research reports. TD reduced their price target on shares of Open Text from C$28.00 to C$27.00 and set a "hold" rating on the stock in a research report on Monday, May 11th. TD Securities reduced their price target on shares of Open Text from C$40.00 to C$28.00 and set a "hold" rating on the stock in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$27.50.
Read Our Latest Stock Analysis on Open Text
Open Text Company Profile
(
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OpenText¿ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way - through Information Management.
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