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NASDAQ:OTEX

Open Text (OTEX) Stock Price, News & Analysis

$31.05
+0.11 (+0.36%)
(As of 11:40 AM ET)
Today's Range
$30.91
$31.27
50-Day Range
$30.13
$39.95
52-Week Range
$28.19
$45.47
Volume
109,673 shs
Average Volume
660,270 shs
Market Capitalization
$8.47 billion
P/E Ratio
50.08
Dividend Yield
3.22%
Price Target
$42.25

Open Text MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
36.6% Upside
$42.25 Price Target
Short Interest
Bearish
2.01% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
1.38mentions of Open Text in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.09%
From $3.79 to $3.18 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Computer And Technology Sector

40th out of 586 stocks

Computer Integrated Systems Design Industry

1st out of 34 stocks

OTEX stock logo

About Open Text Stock (NASDAQ:OTEX)

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 Stock Price History

OTEX Stock News Headlines

Open Text Buys Pillr From Novacoast
OpenText Buys Cybersecurity MDR Platform
OpenText Completes $2 Billion Debt Reduction
Update: OTEX, May 6
Open Text declares $0.25 dividend
Open Text: Fiscal Q3 Earnings Snapshot
OpenText Reports Q3 F'24 Financial Results
Open Text earnings: here's what Wall Street expects
Open Text is Now Oversold (OTEX)
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 3/20 Dividend
2/29/2024
Dividend Payable
3/20/2024
Today
5/23/2024
Ex-Dividend for 6/18 Dividend
5/31/2024
Dividend Payable
6/18/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/01/2024

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 Target
$42.25
High Stock Price Target
$53.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+36.6%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$150.38 million
Pretax Margin
3.25%

Debt

Sales & Book Value

Annual Sales
$5.90 billion
Cash Flow
$5.36 per share
Book Value
$15.14 per share

Miscellaneous

Free Float
243,999,000
Market Cap
$8.44 billion
Optionable
Optionable
Beta
1.10

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Key Executives

  • Mr. Mark J. Barrenechea (Age 59)
    Vice Chairman, CEO & CTO
    Comp: $3.47M
  • Mr. Paul Michael Duggan (Age 48)
    President & Chief Customer Officer
    Comp: $1.86M
  • Ms. Madhu Ranganathan CPA (Age 59)
    M.B.A., President, CFO & Corporate Development
    Comp: $1.8M
  • Mr. Muhi S. Majzoub (Age 64)
    Executive VP & Chief Product Officer
    Comp: $1.58M
  • Mr. Cosmin Balota (Age 50)
    Senior VP & Chief Accounting Officer
  • Mr. Harry Edward Blount
    Senior VP & Global Head of Investor Relations
  • Mr. Michael F. Acedo (Age 43)
    Executive VP, Chief Legal Officer & Corporate Secretary
  • Jen Bell
    Vice President & Chief Communications Officer
  • Ms. Sandy Ono (Age 42)
    Executive VP & Chief Marketing Officer
  • Mr. Todd M. Cione (Age 54)
    President of OpenText Worldwide Sales

OTEX Stock Analysis - Frequently Asked Questions

Should I buy or sell Open Text stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last twelve months. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OTEX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTEX, but not buy additional shares or sell existing shares.
View OTEX analyst ratings
or view top-rated stocks.

What is Open Text's stock price target for 2024?

11 equities research analysts have issued 1 year price targets for Open Text's stock. Their OTEX share price targets range from $37.00 to $53.00. On average, they expect the company's stock price to reach $42.25 in the next twelve months. This suggests a possible upside of 36.6% 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 2024?

Open Text's stock was trading at $42.02 at the beginning of 2024. Since then, OTEX shares have decreased by 26.4% and is now trading at $30.94.
View the best growth stocks for 2024 here
.

When is Open Text's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our OTEX earnings forecast
.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) issued its earnings results on Thursday, November, 4th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.03. The software maker earned $832.31 million during the quarter, compared to analysts' expectations of $822.27 million. Open Text had a trailing twelve-month return on equity of 24.45% and a net margin of 2.85%. The firm's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS.

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

Open Text announced a quarterly dividend on Tuesday, April 30th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.435 per share on Tuesday, June 18th. This represents a $1.74 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for OTEX
.

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 3.23%. The dividend payout ratio is 161.29%. 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 31.45% 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?
Who are Open Text's major shareholders?

Open Text's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.79%), National Bank of Canada FI (1.25%), Guardian Capital LP (1.22%), 1832 Asset Management L.P. (1.05%), Clearbridge Investments LLC (1.01%) and New South Capital Management Inc. (0.96%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NASDAQ:OTEX) was last updated on 5/23/2024 by MarketBeat.com Staff

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