NASDAQ:OTEX

Open Text (OTEX) Stock Forecast, Price & News

$35.10

+0.17 (+0.49%)

(As of 09/29/2023 08:53 PM ET)

Compare

Today's Range: $34.92
▼
$35.41
50-Day Range: $34.65
▼
$43.13
52-Week Range: $24.91
▼
$43.25

Volume: 539,500 shs
Average Volume: 562,271 shs
Market Capitalization: $9.52 billion

P/E Ratio: 62.68
Dividend Yield: 2.88%
Price Target: $46.67

Open Text MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 33.0% Upside
$46.67 Price Target
Short Interest: Bearish
2.91% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.36
Upright™ Environmental Score
News Sentiment: 1.84
Based on 4 Articles This Week
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.

2.77 out of 5 stars

Computer And Technology Sector

85th out of 606 stocks

Computer Integrated Systems Design Industry

5th out of 38 stocks

3.3

Analyst's Opinion

Consensus Rating
Open Text has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $46.67, Open Text has a forecasted upside of 33.0% from its current price of $35.10.
Amount of Analyst Coverage
Open Text has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
2.91% of the float of Open Text has been sold short.
Short Interest Ratio / Days to Cover
Open Text has a short interest ratio ("days to cover") of 17.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Open Text has recently increased by 15.74%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Open Text pays a meaningful dividend of 2.86%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Open Text has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of Open Text is 180.36%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Open Text will have a dividend payout ratio of 21.04% next year. This indicates that Open Text will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Open Text has received a 24.10% net impact score from Upright. Open Text seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Artificial intelligence consulting", "Software development process consulting", "Data science consulting", "IoT consulting", and "Software development consulting for governments" products. See details.
Environmental Sustainability
The Environmental Impact score for Open Text is -1.36.

3.2

News and Social Media Coverage

News Sentiment
Open Text has a news sentiment score of 1.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Open Text this week, compared to 3 articles on an average week.
Search Interest
Only 5 people have searched for OTEX on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Open Text to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Open Text insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.58% of the stock of Open Text is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
64.53% of the stock of Open Text is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Open Text are expected to grow by 12.68% in the coming year, from $4.26 to $4.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Open Text is 62.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Open Text is 62.68, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 209.94.
Price to Book Value per Share Ratio
Open Text has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

OTEX Stock News Headlines

September 14, 2023 | thestreet.com

Why Open Text (OTEX) Hit An All-Time High Today

September 10, 2023 | ca.finance.yahoo.com

Open Text Stock Could Double Your Money

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.

September 8, 2023 | finance.yahoo.com

Shareholders May Not Be So Generous With Open Text Corporation's (NASDAQ:OTEX) CEO Compensation And Here's Why

August 31, 2023 | msn.com

Open Text (OTEX) Price Target Increased by 30.05% to 44.17

August 26, 2023 | finance.yahoo.com

Don't Buy Open Text Corporation (NASDAQ:OTEX) For Its Next Dividend Without Doing These Checks

August 23, 2023 | msn.com

Business software firm Open Text acquires Irish company KineMatik

August 23, 2023 | theglobeandmail.com

Business software company Open Text acquires Irish company KineMatik

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

August 23, 2023 | finance.yahoo.com

OpenText Buys KineMatik

August 14, 2023 | finance.yahoo.com

OpenText Completes Repricing of Term Loan

August 8, 2023 | finance.yahoo.com

Open Text (NASDAQ:OTEX) Will Pay A Larger Dividend Than Last Year At $0.25

August 6, 2023 | baystreet.ca

OpenText’s Net Income Plunges Nearly 150%

August 3, 2023 | seekingalpha.com

Open Text Corporation 2023 Q4 - Results - Earnings Call Presentation

August 3, 2023 | finance.yahoo.com

OpenText Reports Fourth Quarter and Fiscal Year 2023 Financial Results

August 3, 2023 | finance.yahoo.com

Introducing opentext.ai and OpenText Aviator™

August 1, 2023 | msn.com

3 Top Stocks to Buy Now for a Secure Retirement

July 25, 2023 | fool.ca

Open Text Stock: A Hidden Canadian Tech Gem?

July 25, 2023 | finance.yahoo.com

OpenText powers organizations to achieve digital success in a multi-cloud world with Cloud Editions 23.3

July 14, 2023 | finance.yahoo.com

OTEX - Open Text Corporation

July 10, 2023 | finance.yahoo.com

OpenText to Report Fourth Quarter Fiscal Year 2023 Financial Results on Thursday, August 3, 2023

June 19, 2023 | fool.com

Open Text (NASDAQ: OTEX)

June 15, 2023 | theglobeandmail.com

Closing Bell: Open Text Corp down on Thursday (OTEX)

June 1, 2023 | msn.com

Open Text (TSE:OTEX) Price Target Increased by 6.00% to 45.84

May 31, 2023 | msn.com

Open Text’s Cloud Kingdom: A SaaS Stock for the Long Haul?

May 19, 2023 | seekingalpha.com

Open Text: A Sleeper AI Stock That's Undervalued Even At Its 52-Week High

May 18, 2023 | seekingalpha.com

Open Text: Leveraging Acquisitions For Stability And Growth

See More Headlines

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OTEX Company Calendar

Last Earnings: 8/03/2023
Ex-Dividend for 9/22 Dividend: 8/31/2023
Dividend Payable: 9/22/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer integrated systems design
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:OTEX
CUSIP: N/A
CIK: 1002638
Web: www.opentext.com
Phone: (519) 888-7111
Fax: 519-888-0677
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: +33.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.56
Trailing P/E Ratio: 62.68
Forward P/E Ratio: 8.24
P/E Growth: N/A
Net Income: $150.38 million
Net Margins: 3.35%
Pretax Margin: 4.93%
Return on Equity: 19.55%
Return on Assets: 5.65%

Debt

Debt-to-Equity Ratio: 2.13
Current Ratio: 0.71
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $4.48 billion
Price / Sales: 2.12
Cash Flow: $5.39 per share
Price / Cash Flow: 6.51
Book Value: $14.83 per share
Price / Book: 2.37

Miscellaneous

Outstanding Shares: 271,228,000
Free Float: 242,532,000
Market Cap: $9.52 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 equities research analysts have issued 12 month price objectives for Open Text's stock. Their OTEX share price forecasts range from $42.00 to $52.00. On average, they predict the company's share price to reach $46.67 in the next twelve months. This suggests a possible upside of 33.0% 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 start of the year. Since then, OTEX stock has increased by 18.4% and is now trading at $35.10.
View the best growth stocks for 2023 here.
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) released its earnings results on Thursday, August, 3rd. The software maker reported $0.79 EPS for the quarter, missing the consensus estimate of $0.84 by $0.05. The software maker had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Open Text had a trailing twelve-month return on equity of 19.55% and a net margin of 3.35%.
How often does Open Text pay dividends? What is the dividend yield for Open Text?: Open Text declared 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 annualized dividend and a yield of 2.85%. 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 $1.00 per share and currently has a dividend yield of 2.88%. 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 178.57%. 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 20.83% 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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Open Text investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Rogers Communications (RCI), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).
What is Open Text's stock symbol?: Open Text trades on the NASDAQ under the ticker symbol "OTEX."
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 $35.10.
How much money does Open Text make?: Open Text (NASDAQ:OTEX) has a market capitalization of $9.52 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 10/2/2023 by MarketBeat.com Staff

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