E Daily Stock Pick: Open Text

This week, I'm looking for the sixth technology representative of six for my Ivy portfolio.

That technology sector has nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, information technology and services, to internet, scientific instruments, software, solar, and all such techno-marvels.

Today I'm reviewing a large-cap software-applicarion company named Open Text Corp. Their trading ticker symbol is OTEX. I last reported on this firm on August 13, 2018.

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at the Canada's University of Waterloo in the mid-1980s.

Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations).

The company serves organizations, mid-market companies, and government agencies worldwide. It has strategic partnerships with SAP SE, Microsoft, Oracle, Salesforce, Accenture, Deloitte, and others.

Open Text Corporation was founded in 1991 and is headquartered in Waterloo, Canada.

I use three key data points to gauge dividend-paying equities or funds like Open Text Corp:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

OTEX Price

Open Text's price per share closed at $42.50 Friday. A year ago its price was $38.07. Price rose $4.43 or 11.6% in the past year.

Assuming Open Text's stock trades in the range of $35.00 to $50.00 this year, Open Text's recent $42.50 price could rise by $1.50 and go to $44.00 by mid-July, 2020.

OTEX Dividends

Open Text's most recent quarterly dividend is $0.1746 paid June 21st.

That $0.1746 Q payout equates to an annual dividend of $0.70 which produces a yield of 1.64% based on Friday's $42.50 closing price.

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Disclosure: This article was compiled by Rydlun & ...

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