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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NASDAQ:OTEX

Open Text Stock Forecast, Price & News

$44.57
-0.54 (-1.20 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$44.54
Now: $44.57
$45.30
50-Day Range
$44.26
MA: $46.58
$49.26
52-Week Range
$29.11
Now: $44.57
$49.99
Volume536,627 shs
Average Volume616,882 shs
Market Capitalization$12.16 billion
P/E Ratio45.48
Dividend Yield1.77%
Beta0.89
Open Text Corporation provides a suite of software products and services. The company offers content services; business network that manages and connects data within the organization; Cyber Resilience, a solution for defending against cyber threats and preparing for business continuity and response in the event of a breach; OpenText security solutions that addresses information security and digital investigations; AI and analytics that leverages structured or unstructured data; and OpenText Information Management software platform that provides multi-level, multi-role, and multi context security information platforms. It also offers digital process automation, which enables organizations to transform into digital data-driven businesses through automation; Customer Experience Management, a set of processes used to track customer interactions throughout the customer journey; and Discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. In addition, the company offers customer support programs that include access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets. Further, it provides professional services, such as consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise companies, mid-market companies, and public sector agencies worldwide. It has strategic partnerships with SAP SE, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Google Cloud, Amazon AWS, Accenture plc, Deloitte Consulting LLP, Tata Consultancy Services, ATOS, ATOS International S.A.S., Capgemini Technology Services SAS, and Cognizant Technology Solutions U.S. Corp. The company was founded in 1991 and is headquartered in Waterloo, Canada.
Open Text logo

Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryN/A
Current SymbolNASDAQ:OTEX
CUSIPN/A
Phone519-888-7111
Employees14,300
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.11 billion
Cash Flow$4.78 per share
Book Value$14.74 per share

Profitability

Net Income$234.23 million

Miscellaneous

Market Cap$12.16 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.25 out of 5 stars

Computer And Technology Sector

30th out of 1,523 stocks

Computer Integrated Systems Design Industry

4th out of 52 stocks

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$44.57
-0.54 (-1.20 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Open Text (NASDAQ:OTEX) Frequently Asked Questions

Is Open Text a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Open Text stock.
View analyst ratings for Open Text
or view top-rated stocks.

What stocks does MarketBeat like better than Open Text?

Wall Street analysts have given Open Text a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Open Text wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Open Text?

Open Text saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,650,000 shares, an increase of 13.1% from the December 31st total of 4,110,000 shares. Based on an average daily trading volume, of 627,600 shares, the short-interest ratio is presently 7.4 days. Approximately 1.7% of the company's shares are sold short.
View Open Text's Short Interest
.

When is Open Text's next earnings date?

Open Text is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Open Text
.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) released its quarterly earnings results on Thursday, November, 5th. The software maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.22. The software maker earned $804 million during the quarter, compared to analyst estimates of $758.42 million. Open Text had a net margin of 8.18% and a trailing twelve-month return on equity of 14.39%. The business's revenue was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share.
View Open Text's earnings history
.

How has Open Text's stock been impacted by Coronavirus?

Open Text's stock was trading at $37.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, OTEX shares have increased by 18.3% and is now trading at $44.57.
View which stocks have been most impacted by COVID-19
.

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

Open Text announced a quarterly dividend on Monday, February 8th. Stockholders of record on Friday, March 5th will be given a dividend of $0.2008 per share on Friday, March 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, March 4th. This is an increase from Open Text's previous quarterly dividend of $0.15.
View Open Text's dividend history
.

Is Open Text a good dividend stock?

Open Text pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.77%. Open Text has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Open Text is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Open Text will have a dividend payout ratio of 24.69% next year. This indicates that Open Text will be able to sustain or increase its dividend.
View Open Text's dividend history.

What price target have analysts set for OTEX?

10 brokers have issued 1 year price targets for Open Text's stock. Their forecasts range from $47.00 to $60.00. On average, they expect Open Text's stock price to reach $55.50 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
View analysts' price targets for Open Text
or view top-rated stocks among Wall Street analysts.

Who are Open Text's key executives?

Open Text's management team includes the following people:
  • Mr. Mark J. Barrenechea, Vice Chairman, CEO & CTO (Age 56, Pay $3.03M)
  • Ms. Madhu Ranganathan CPA, M.B.A., Exec. VP & CFO (Age 56, Pay $1.21M)
  • Mr. Gordon Allan Davies, Exec. VP, Chief Legal & Corp. Devel. Officer, Chief Compliance Officer & Sec. (Age 59, Pay $931.93k)
  • Mr. Muhi S. Majzoub, Exec. VP & Chief Product Officer (Age 61, Pay $1.03M)
  • Mr. Howard D. Rosen CPA, Sr. VP & Chief Accounting Officer (Age 57)
  • Mr. David Jamieson, Sr. VP & Chief Information Officer (Age 56)
  • Mr. Harry Edward Blount CFA, Sr. VP & Global Head of Investor Relations
  • Mr. Simon David Harrison, Exec. VP of Enterprise Sales (Age 51)
  • Dr. Louis A. Blatt, Sr. VP & Chief Marketing Officer (Age 59)
  • Mr. Brian Sweeney, Sr. VP & Chief HR Officer (Age 57)

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

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

Who are some of Open Text's key competitors?

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 variety of retail and institutional investors. Top institutional shareholders include Beutel Goodman & Co Ltd. (3.09%), Mackenzie Financial Corp (2.52%), BlackRock Inc. (2.13%), The Manufacturers Life Insurance Company (1.75%), Fiera Capital Corp (1.36%) and New South Capital Management Inc. (1.18%).

Which major investors are selling Open Text stock?

OTEX stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Schroder Investment Management Group, Alliancebernstein L.P., Beutel Goodman & Co Ltd., Mackenzie Financial Corp, Nuveen Asset Management LLC, State of Wisconsin Investment Board, and Sumitomo Mitsui Trust Holdings Inc..

Which major investors are buying Open Text stock?

OTEX stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, First Pacific Advisors LP, Kabouter Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Jupiter Asset Management Ltd., Letko Brosseau & Associates Inc., Renaissance Technologies LLC, and BlackRock Inc..

How do I buy shares of Open Text?

Shares of OTEX 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 $44.57.

How much money does Open Text make?

Open Text has a market capitalization of $12.16 billion and generates $3.11 billion in revenue each year. The software maker earns $234.23 million in net income (profit) each year or $2.80 on an earnings per share basis.

How many employees does Open Text have?

Open Text employs 14,300 workers across the globe.

What is Open Text's official website?

The official website for Open Text is www.opentext.com.

Where are Open Text's headquarters?

Open Text is headquartered at 275 FRANK TOMPA DRIVE, WATERLOO A6, N2L 0A1.

How can I contact Open Text?

Open Text's mailing address is 275 FRANK TOMPA DRIVE, WATERLOO A6, N2L 0A1. The software maker can be reached via phone at 519-888-7111 or via email at [email protected]


This page was last updated on 2/27/2021 by MarketBeat.com Staff

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