About Open Text Corporation (NASDAQ:OTEX)
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics. Its software and services allow organizations to manage the information that flows into, out of, and throughout the enterprise as part of daily operations. Its solutions incorporate collaborative and mobile technologies and are delivered for on-premises deployment, as well as through cloud, hybrid and managed hosted services models. In addition, the Company provides solutions that facilitate the exchange of information and transactions that occur between supply chain participants.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Enterprise Software
- Sub-Industry: N/A
- Symbol: NASDAQ:OTEX
- CUSIP: N/A
- Web: www.opentext.com
- Market Cap: $8.89 billion
- Outstanding Shares: 262,957,000
- 50 Day Moving Avg: $32.60
- 200 Day Moving Avg: $32.74
- 52 Week Range: $29.30 - $35.21
Sales & Book Value:
- Trailing P/E Ratio: 8.43
- Foreward P/E Ratio: 12.42
- P/E Growth: 0.88
- Annual Revenue: $2.29 billion
- Price / Sales: 3.88
- Book Value: $13.43 per share
- Price / Book: 2.52
- Annual Dividend: $0.53
- Dividend Yield: 1.6%
- EBITDA: $631.71 million
- Net Margins: 44.77%
- Return on Equity: 8.92%
- Return on Assets: 4.29%
- Debt-to-Equity Ratio: 0.68%
- Current Ratio: 0.89%
- Quick Ratio: 0.89%
- Average Volume: 469,348 shs.
- Beta: 0.47
- Short Ratio: 4.23
Frequently Asked Questions for Open Text Corporation (NASDAQ:OTEX)
What is Open Text Corporation's stock symbol?
Open Text Corporation trades on the NASDAQ under the ticker symbol "OTEX."
How often does Open Text Corporation pay dividends? What is the dividend yield for Open Text Corporation?
Open Text Corporation declared a quarterly dividend on Friday, August 4th. Stockholders of record on Friday, September 1st will be given a dividend of $0.132 per share on Friday, September 22nd. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, August 30th. View Open Text Corporation's Dividend History.
How were Open Text Corporation's earnings last quarter?
Open Text Corporation (NASDAQ:OTEX) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by $0.07. The company had revenue of $663.60 million for the quarter, compared to analysts' expectations of $662.36 million. Open Text Corporation had a net margin of 44.77% and a return on equity of 8.92%. The business's revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. View Open Text Corporation's Earnings History.
When will Open Text Corporation make its next earnings announcement?
Where is Open Text Corporation's stock going? Where will Open Text Corporation's stock price be in 2017?
8 brokers have issued 12 month price targets for Open Text Corporation's shares. Their forecasts range from $35.00 to $52.00. On average, they expect Open Text Corporation's share price to reach $42.29 in the next year. View Analyst Ratings for Open Text Corporation.
Who are some of Open Text Corporation's key competitors?
Some companies that are related to Open Text Corporation include Trimble Navigation (TRMB), CDK Global (CDK), The Sage Group plc (SGE), Tableau Software (DATA), Guidewire Software (GWRE), Paycom Software (PAYC), Pegasystems (PEGA), Fair Isaac Corporation (FICO), SolarWinds (SWI), RealPage (RP), Ringcentral (RNG), HubSpot (HUBS), Ellie Mae (ELLI), Envestnet (ENV), Descartes Systems Group (DSGX), Ebix (EBIX), Q2 Holdings (QTWO) and AppFolio (APPF).
Who are Open Text Corporation's key executives?
Open Text Corporation's management team includes the folowing people:
- Paul Thomas Jenkins, Chairman of the Board
- Mark J. Barrenechea, Chief Executive Officer, Chief Technology Officer, Director
- John Marshall Doolittle, Chief Financial Officer
- Muhi S. Majzoub, Executive Vice President - Engineering
- Aditya Maheshwari, Senior Vice President, Chief Accounting Officer
- Gary Weiss, Senior Vice President, General Manager - Discovery and Analytics
- Prentiss Donohue, Senior Vice President - Professional Services
- Simon Harrison, Senior Vice President - Enterprise Sales
- James McGourlay, Senior Vice President - Global Technical Services
- Douglas M. Parker, Senior Vice President - Corporate Development
Who owns Open Text Corporation stock?
Open Text Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.09%), DORCHESTER WEALTH MANAGEMENT Co (0.05%), Shell Asset Management Co. (0.02%), Verde Servicos Internacionais S.A. (0.02%), Eqis Capital Management Inc. (0.01%) and Honkamp Krueger Financial Services Inc. (0.01%). View Institutional Ownership Trends for Open Text Corporation.
Who sold Open Text Corporation stock? Who is selling Open Text Corporation stock?
Open Text Corporation's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Assenagon Asset Management S.A., Honkamp Krueger Financial Services Inc. and Verde Servicos Internacionais S.A.. View Insider Buying and Selling for Open Text Corporation.
Who bought Open Text Corporation stock? Who is buying Open Text Corporation stock?
How do I buy Open Text Corporation stock?
Shares of Open Text Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Open Text Corporation's stock price today?
MarketBeat Community Rating for Open Text Corporation (NASDAQ OTEX)MarketBeat's community ratings are surveys of what our community members think about Open Text Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Open Text Corporation stock can currently be purchased for approximately $33.79.
Consensus Ratings for Open Text Corporation (NASDAQ:OTEX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.88)|
|Consensus Price Target: ||$42.29 (25.14% upside)|Consensus Price Target History for Open Text Corporation (NASDAQ:OTEX)
Analysts' Ratings History for Open Text Corporation (NASDAQ:OTEX)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/4/2017||Barclays PLC||Boost Price Target||Overweight||$41.00 -> $43.00||Low|
|8/4/2017||BMO Capital Markets||Reiterated Rating||Outperform||$40.00||Medium|
|8/4/2017||Scotiabank||Reiterated Rating||Outperform||$41.00 -> $50.00||Medium|
|7/12/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$40.00||High|
|7/5/2017||Beacon Securities||Upgrade||Hold -> Buy||Low|
|5/9/2017||Citigroup Inc.||Lower Price Target||Neutral||$36.00 -> $35.00||Low|
|5/2/2017||TD Securities||Reiterated Rating||Buy||$52.00||Low|
|1/24/2017||Mitsubishi UFJ Financial Group||Reiterated Rating||Overweight||$36.00||N/A|
|9/26/2016||National Bank Financial||Reiterated Rating||Outperform Overweight||N/A|
|9/12/2016||Dundee Securities||Upgrade||Neutral -> Buy||N/A|
|7/28/2016||Benchmark Co.||Boost Price Target||Buy||$32.50 -> $37.50||N/A|
|5/25/2016||CIBC||Upgrade||Sector Perform -> Outperform||N/A|
|5/13/2016||Credit Suisse Group||Reiterated Rating||Hold||$24.50||N/A|
Earnings History for Open Text Corporation (NASDAQ:OTEX)Earnings History by Quarter for Open Text Corporation (NASDAQ OTEX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||6/30/2017||$0.24||$0.17||$662.36 million||$663.60 million||View||Listen|
|5/8/2017||3/31/2017||$0.24||$0.08||$601.84 million||$593.13 million||View||Listen|
|2/2/2017||Q217||$0.52||$0.54||$532.93 million||$542.70 million||View||Listen|
|11/3/2016||Q117||$0.87||$0.86||$495.82 million||$491.70 million||View||N/A|
|7/27/2016||Q416||$0.94||$0.89||$482.67 million||$484.00 million||View||Listen|
|4/27/2016||Q316||$0.84||$0.80||$450.80 million||$440.50 million||View||Listen|
|2/9/2016||Q216||$0.90||$1.01||$462.53 million||$465.30 million||View||N/A|
|10/28/2015||Q116||$0.78||$0.84||$454.41 million||$434.50 million||View||Listen|
|7/29/2015||Q415||$0.69||$0.87||$447.78 million||$482.70 million||View||Listen|
|4/28/2015||Q315||$0.89||$0.66||$477.53 million||$383.60 million||View||N/A|
|1/27/2015||Q215||$0.96||$0.97||$486.46 million||$467.80 million||View||N/A|
|10/22/2014||Q115||$0.86||$0.97||$457.60 million||$453.80 million||View||Listen|
|7/30/2014||Q414||$0.94||$1.05||$480.52 million||$494.00 million||View||N/A|
|4/24/2014||Q314||$0.80||$0.84||$447.27 million||$442.80 million||View||N/A|
|1/22/2014||Q214||$1.51||$1.58||$352.70 million||$363.50 million||View||N/A|
|10/30/2013||Q114||$1.30||$1.37||$334.51 million||$324.50 million||View||N/A|
|7/31/2013||Q413||$1.42||$1.43||$361.05 million||$347.30 million||View||N/A|
|4/24/2013||Q313||$1.30||$1.26||$345.68 million||$337.70 million||View||N/A|
|1/24/2013||Q213||$1.37||$1.58||$321.50 million||$352.20 million||View||N/A|
Earnings Estimates for Open Text Corporation (NASDAQ:OTEX)
2017 EPS Consensus Estimate: $1.45
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Open Text Corporation (NASDAQ:OTEX)
|Most Recent Dividend:||9/22/2017|
|Payout Ratio:||12.74% (Trailing 12 Months of Earnings) |
21.37% (Based on This Year's Estimates)
19.49% (Based on Next Year's Estimates)
Dividend History by Quarter for Open Text Corporation (NASDAQ OTEX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Open Text Corporation (NASDAQ:OTEX)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Open Text Corporation (NASDAQ:OTEX)
Latest Headlines for Open Text Corporation (NASDAQ:OTEX)
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Open Text Corporation (OTEX) Chart for Sunday, October, 22, 2017