Open Text Corporationhares (NASDAQ:OTEX)'s Trend Up, Especially After Decreased Shorts

Darnell Taylor
April 15, 2018

The edp services company at the end of 2017Q4 was valued at $332.88 million. On during the last trading session the stock decreased $0.27 or 0.78%, reaching $34.18.Currently Open Text Corporation is uptrending after 0.38% change in last April 14, 2017. About 339,845 shares traded.

Among 20 analysts covering Colfax (NYSE:CFX), 12 have Buy rating, 3 Sell and 5 Hold. OTEX underperformed the S&P 500 by 11.17%. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. The positive are 86%. OpenText Corporation had 21 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, November 1 BMO Capital Markets maintained Open Text Corporation (NASDAQ:OTEX) rating. Scotia Capital has "Buy" rating and $45.0 target. Robert W. Baird maintained it with "Buy" rating and $42.0 target in Tuesday, February 6 report. On Wednesday, November 1 the firm earned "Buy" rating by BMO Capital Markets. As per Friday, June 2, the company rating was maintained by BMO Capital Markets. Timessquare Capital Management Llc who had been investing in Open Text Corporation for a number of months, seems to be less bullish one the $9.21B market cap company. TD Securities maintained OPEN TEXT CORP (TSE:OTC) on Thursday, October 27 with "Buy" rating. Zacks Investment Research lowered shares of OpenText from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 4th. Therefore 71% are positive. The company was maintained on Wednesday, November 15 by Buckingham Research. The company presently has a consensus rating of "Buy" and an average price target of $44.18. "Buy" rating has 6, "Sell" are 1, while 0 are "Hold". On Monday, October 30 the stock rating was maintained by RBC Capital Markets with "Buy". (NYSE:HD) rating on Saturday, August 29. Oppenheimer initiated the stock with "Outperform" rating in Friday, July 31 report. Cowen & Co has "Outperform" rating and $92 target. On Thursday, February 1 the stock has "Overweight" rating by Barclays Capital.

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Alta Capital Management Llc decreased Apple Inc (NASDAQ:AAPL) stake by 9,335 shares to 620,552 valued at $105.02 million in 2017Q4. It also reduced its holding in Sysco (NYSE:SYY) by 9,562 shares in the quarter, leaving it with 312,263 shares, and cut its stake in Intel (NASDAQ:INTC). Ecolab Inc (NYSE:ECL) was reduced too. This represents a $0.53 annualized dividend and a yield of 1.53%. It improved, as 16 investors sold NATI shares while 67 reduced holdings. 101 funds opened positions while 349 raised stakes. The software maker reported $0.76 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.63 by $0.13. The stock increased 0.14% or $0.07 during the last trading session, reaching $50.39. Ramsay Stattman Vela Price stated it has 0.17% in The TJX Companies, Inc. (NYSE:HD). Cranbrook Wealth Mngmt Limited Liability Co, Michigan-based fund reported 1,340 shares. Stockholders of record on Friday, March 2nd were paid a $0.132 dividend. The institutional investor held 86,908 shares of the consumer durables company at the end of 2017Q4, valued at $4.15M, up from 68,013 at the end of the previous reported quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,857 shares of the software maker's stock worth $641,000 after acquiring an additional 2,265 shares during the last quarter. Omers Administration holds 0.06% or 135,300 shares in its portfolio. Rhumbline Advisers stated it has 83,179 shares. (NYSE:HD). Pillar Pacific Capital Mgmt Limited Liability Corp holds 1.1% or 47,738 shares in its portfolio.

Since December 7, 2017, it had 2 buys, and 5 selling transactions for $36.57 million activity. During the same period in the previous year, the firm posted $0.54 earnings per share. research analysts predict that OpenText will post 0.74 earnings per share for the current year.

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