Today I’m reviewing a large-cap software – application firm by the name of Open Text Corporation. Its trading ticker symbol is OTEX.
Open Text Corp develops and sells enterprise information management (EIM) software. The company offers EIM software that allows clients to archive, aggregate, retrieve, and search unstructured information the better to manage it.
In addition, the company has customer support programs that access software upgrades, a knowledge base, discussions, product information, and an online posting and review of trouble tickets.
Further, it offers professional services, training, and integration of its product offerings into the customer’s systems; and cloud services.
The company serves organizations, mid-market companies, and government agencies worldwide. It has strategic partnerships with SAP SE, Microsoft Corporation, Oracle Corporation, Accenture plc, Deloitte Consulting LLP, and others.
Open Text Corporation was founded in 1991 and is headquartered in Waterloo, Canada.
I use three key data points to gauge the value of any dividend equity or fund like Open Text Corporation (OTEX):
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest.
But those first three primary keys, best tell whether a company has made, is making, and will make money.
OTEX Price
OTEX’s price per share was $38.98 at Friday’s market close. A year ago its price was $31.97 for a gain of $7.01 per share.
Assuming OTEX’s price will trade in the range of $32 to $50 next year, that $7.01 gain could repeat itself and move its current $38.98 price to $45.99 by mid- August, 2019.
OTEX Dividends
OTEX’s most recent quarterly dividend was $0.1518declared August 2 and payable September 21st.
At that most recent quarterly pay rate, its 2018 annual dividend is calculated at $0.61 yielding 1.6% at Friday’s closing $38.98 price.
