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Open Text (OTEX) Stock Forecast, Price & News

$35.61
+0.20 (+0.56%)
(As of 09/22/2023 ET)
Compare
Today's Range
$35.47
$35.88
50-Day Range
$35.41
$43.13
52-Week Range
$24.91
$43.25
Volume
410,361 shs
Average Volume
560,901 shs
Market Capitalization
$9.66 billion
P/E Ratio
63.59
Dividend Yield
2.84%
Price Target
$46.67

Open Text MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
31.0% Upside
$46.67 Price Target
Short Interest
Bearish
2.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
12.68%
From $4.26 to $4.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Computer And Technology Sector

127th out of 585 stocks

Computer Integrated Systems Design Industry

4th out of 31 stocks


OTEX stock logo

About Open Text (NASDAQ:OTEX) Stock

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. It also provides cybersecurity cloud solutions to protect, prevent, detect, respond and quickly recover from threats across endpoints, network, applications, IT infrastructure and data, AI-led threat intelligence; and to protect critical information and processes through threat intelligence, forensics, identity, encryption, and cloud-based application security. In addition, the company offers business network cloud for digital supply chains and secure e-commerce ecosystems including digitize and automate procure-to-pay and order-to-cash processes; IT operations management cloud for automation and advancement of IT support and asset management; and analytics & AI cloud solutions that offers artificial intelligence with practical usage to provide organizations with actionable insights and better automation, such as visualizations, advanced natural language processing and understanding, and integrated computer vision capabilities. In addition, it provides application automation cloud, developers cloud, and services. Further, it has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, DXC Technology Company, Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.

OTEX Price History

OTEX Stock News Headlines

Why Open Text (OTEX) Hit An All-Time High Today
AI Creates New Cancer Drug - In Just 30 Days!
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
Open Text Stock Could Double Your Money
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
OpenText Buys KineMatik
OpenText Completes Repricing of Term Loan
OpenText’s Net Income Plunges Nearly 150%
Introducing opentext.ai and OpenText Aviator™
OTEX - Open Text Corporation
Open Text (NASDAQ: OTEX)
Closing Bell: Open Text Corp down on Thursday (OTEX)
See More Headlines
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OTEX Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/22 Dividend
8/31/2023
Today
9/22/2023
Dividend Payable
9/22/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Current Symbol
NASDAQ:OTEX
Employees
24,100
Year Founded
1991

Price Target and Rating

Average Stock Price Forecast
$46.67
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+30.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$150.38 million
Pretax Margin
4.93%

Debt

Sales & Book Value

Annual Sales
$4.48 billion
Cash Flow
$5.21 per share
Book Value
$14.83 per share

Miscellaneous

Free Float
242,532,000
Market Cap
$9.67 billion
Optionable
Optionable
Beta
1.04

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Key Executives

  • Mr. Mark J. Barrenechea (Age 58)
    Vice Chairman, CEO & CTO
    Comp: $3.47M
  • Ms. Madhu Ranganathan CPA (Age 58)
    M.B.A., Exec. VP & CFO
    Comp: $1.8M
  • Mr. Muhi S. Majzoub (Age 63)
    Exec. VP & Chief Product Officer
    Comp: $1.58M
  • Mr. Simon David Harrison (Age 53)
    Exec. VP of Enterprise Sales
    Comp: $1.6M
  • Mr. Paul Michael Duggan (Age 48)
    Exec. VP & Chief Customer Officer
    Comp: $1.86M
  • Mr. Cosmin Balota (Age 49)
    Sr. VP & Chief Accounting Officer
  • Ms. Renee Dione McKenzie (Age 48)
    Exec. VP of IT & Chief Information Officer
  • Mr. Harry Edward Blount
    Sr. VP & Global Head of Investor Relations
  • Mr. Michael F. Acedo (Age 42)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Jen Bell
    VP & Chief Communications Officer













OTEX Stock - Frequently Asked Questions

Should I buy or sell Open Text stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" OTEX shares.
View OTEX analyst ratings
or view top-rated stocks.

What is Open Text's stock price forecast for 2023?

6 brokerages have issued twelve-month target prices for Open Text's shares. Their OTEX share price forecasts range from $42.00 to $52.00. On average, they expect the company's stock price to reach $46.67 in the next year. This suggests a possible upside of 30.9% from the stock's current price.
View analysts price targets for OTEX
or view top-rated stocks among Wall Street analysts.

How have OTEX shares performed in 2023?

Open Text's stock was trading at $29.64 at the beginning of 2023. Since then, OTEX stock has increased by 20.3% and is now trading at $35.66.
View the best growth stocks for 2023 here
.

Are investors shorting Open Text?

Open Text saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,670,000 shares, an increase of 18.7% from the August 15th total of 5,620,000 shares. Based on an average daily trading volume, of 417,300 shares, the days-to-cover ratio is presently 16.0 days. Currently, 2.5% of the shares of the stock are short sold.
View Open Text's Short Interest
.

When is Open Text's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our OTEX earnings forecast
.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) announced its earnings results on Thursday, August, 3rd. The software maker reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.05. The software maker earned $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Open Text had a net margin of 3.35% and a trailing twelve-month return on equity of 19.55%.

How often does Open Text pay dividends? What is the dividend yield for Open Text?

Open Text announced a quarterly dividend on Wednesday, August 2nd. Investors of record on Friday, September 1st will be paid a dividend of $0.25 per share on Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for OTEX
.

What ETF holds Open Text's stock ?

iShares Expanded Tech-Software Sector ETF holds 832,535 shares of OTEX stock, representing 0.51% of its portfolio.

Is Open Text a good dividend stock?

Open Text (NASDAQ:OTEX) pays an annual dividend of $1.01 per share and currently has a dividend yield of 2.73%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 180.36%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, OTEX will have a dividend payout ratio of 21.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTEX.

What is Mark J. Barrenechea's approval rating as Open Text's CEO?

1,052 employees have rated Open Text Chief Executive Officer Mark J. Barrenechea on Glassdoor.com. Mark J. Barrenechea has an approval rating of 65% among the company's employees.

What other stocks do shareholders of Open Text own?
What is Open Text's stock symbol?

Open Text trades on the NASDAQ under the ticker symbol "OTEX."

Who are Open Text's major shareholders?

Open Text's stock is owned by a number of institutional and retail investors. Top institutional investors include Jarislowsky Fraser Ltd (5.96%), Harris Associates L P (4.19%), Royal Bank of Canada (4.17%), Beutel Goodman & Co Ltd. (3.18%), Mackenzie Financial Corp (3.02%) and Bank of Montreal Can (1.95%).

How do I buy shares of Open Text?

Shares of OTEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Open Text's stock price today?

One share of OTEX stock can currently be purchased for approximately $35.66.

How much money does Open Text make?

Open Text (NASDAQ:OTEX) has a market capitalization of $9.67 billion and generates $4.48 billion in revenue each year. The software maker earns $150.38 million in net income (profit) each year or $0.56 on an earnings per share basis.

How many employees does Open Text have?

The company employs 24,100 workers across the globe.

Does Open Text have any subsidiaries?
The following companies are subsidiares of Open Text: 3304709 Nova Scotia Limited, 8493642 Canada Inc., ANX Holdings Inc., ANXe Business LLC, ANXeBusiness, Acquisition U.K. Limited, Actuate, Actuate (Deutschland) GmbH, Actuate Australia Pty Ltd, Actuate Canada Corporation, Actuate Cayman Ltd., Actuate Corporation, Actuate International Corporation, Actuate International Corporation French Branch, Actuate International Holding Company, Actuate International Sarl, Actuate Japan Company Ltd, Actuate Spain S.L, Actuate UK Limited, Antelope Holding Inc., B2B Commerce (M) SDN. BHD., Bluebird Systems, Burntsand, Captaris, Carbonite, Catalyst Japan LLC, Catalyst Repository Systems, Catalyst Repository Systems Inc., Centrinity, Cordys, Cordys (Beijing) Co. Ltd., Cordys Deutschland Service GmbH, Cordys Information Systems B.V. – China Representative Office, Cordys Israel Ltd., Cordys Shanghai Co. Ltd., Corechange, Covisint, Covisint Software Services (Shanghai) Co. Ltd., Daegis, Dell-EMC's enterprise content division, EC1 Pte Ltd, EasyLink Do Brasil Comunicacoes Ltda., EasyLink Services (France) S.A.R.L., EasyLink Services (Hong Kong) Limited, EasyLink Services Corporation India Private Limited, EasyLink Services International Corp, EasyLink Services International Limited, EasyLink Services K.K., EasyLink Services Korea Corporation, EasyLink Services USA Inc., Easylink Services International Corporation, Eloquent, GXS, GXS (ANZ) Pty Limited, GXS (HK) Limited, GXS (Shanghai) Software Development Limited, GXS AG, GXS B.V., GXS Canada Inc., GXS Co. Ltd, GXS GmbH, GXS Inc., GXS Inc., GXS India Technology Centre Private Limited, GXS International Inc - Hong Kong Branch, GXS International Inc - Netherlands Branch, GXS International Inc - Singapore Branch, GXS International Inc., GXS Limited, GXS Ltd, GXS S.A., GXS S.p.A, GXS SAS, GXS UK Holding Limited, GXS de Mexico S. de R.L. de C.V., Gauss Interprise, Global 360, Global 360 China Limited, Global 360 China Limited - Shanghai Representative Office, Global 360 Spain S.L., HP - Customer Communications Management (CCM) assets, HP Software, Habinger de Mexico S. de R.L. de C.V., Hightail, Hubspan Inc., Hummingbird Ltd, ICCM Professional Services, ICCM Professional Services Limited, IXOS Software AG, Information Dimensions, Informative Graphics Corporation, Legodo AG, Liaison Technologies, Liaison Technologies AB, Liaison Technologies B.V., Liaison Technologies Inc., Liaison Technologies Oy, Liaison Technologies Pte Ltd, Liaison Technologies UK, Metastorm, Metastorm Limited, Metastorm UK Limited, Microstar Software, Nstein Technologies, Nstein Technologies Inc., Open Text, Open Text (Asia) Pte Limited, Open Text (Hong Kong) Limited, Open Text (Philippines) Inc., Open Text A/S, Open Text AB, Open Text AG, Open Text BeLux Branch - Belgian Branch of Open Text Coöperatief U.A., Open Text Brasil Comercio De Software Ltda., Open Text Canada Ltd., Open Text Corporation India Private Limited, Open Text Coöperatief U.A., Open Text Digital Media Group, Open Text Document Technologies GmbH, Open Text Egypt LLC, Open Text GXS ULC, Open Text Holdings Inc., Open Text Inc., Open Text Ireland Limited, Open Text K.K., Open Text Korea Co. Ltd., Open Text LLC, Open Text Middle East - Branch of Open Text Inc in the United Arab Emirates, Open Text New Zealand Limited, Open Text OY, Open Text Pty Limited, Open Text Public Sector Solutions Inc., Open Text S. de R.L. de C.V., Open Text S.r.l., Open Text SA ULC (Nova Scotia), Open Text SARL, Open Text Saudi Arabia LLC, Open Text Software Austria GmbH, Open Text Software GmbH, Open Text Software S.L., Open Text Software S.L. - Sucursal em Portugal, Open Text Software S.L.U., Open Text Software Technology (Malaysia) Sdn Bhd, Open Text Software Technology (Shanghai) Co. Limited, Open Text Software Technology (Shanghai) Co. Ltd - Guangzhou Branch, Open Text Software Technology (Shanghai) Co. Ltd. - Beijing Branch, Open Text South Africa (Pty) Limited, Open Text Sp.z.o.o., Open Text Technologia Da Informacao (Brasil) Ltda., Open Text Technologies India Private Limited, Open Text Technology LLC, Open Text UK Limited, Open Text ULC, Open Text USA Inc., Open Text Venture Capital Investment Limited Partnership, Open Text s.r.o., OpenText Optimost, OpenText Security, Operitel, PSSoftware solutions, Recommind, Recommind Australia Pty Limited, Recommind Canada Ltd., Recommind GmbH, Recommind Inc., Recommind Limited, Resonate KT, Resonate KT Limited, Rocket Holdco Inc., SCS Computer Systems Pte. Limited, SER Group, Spicer Corporation, Stover Limited, StreamServe, StreamServe Development AB, StreamServe S.a.r.l. B.V., Sysgenics Limited, The EasyLink Services Corporation SDN. BHD., TotalDiscovery LLC, Vignette, Vignette India Private Limited, Vignette Partnership LP, Vizible, X-Hive Corporation B.V., XMedius, Xenos Output Technologies Inc., Xpedite Inc., Xpedite Systems (UK) Limited, Xpedite Systems AG, Xpedite Systems GmbH, Xpedite Systems Incorporated (Malaysia) SDN. BHD., Xpedite Systems LLC, Xpedite Systems Limited, Xpedite Systems Participations S.A.R.L., Xpedite Systems Pty Limited, Xpedite Systems S.r.l., Xpedite Systems SA, Xpedite Systems Spain SA, eMotion, and weComm.
Read More
How can I contact Open Text?

Open Text's mailing address is 275 FRANK TOMPA DRIVE, WATERLOO A6, N2L 0A1. The official website for the company is www.opentext.com. The software maker can be reached via phone at (519) 888-7111, via email at investors@opentext.com, or via fax at 519-888-0677.

This page (NASDAQ:OTEX) was last updated on 9/22/2023 by MarketBeat.com Staff

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