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NASDAQ:OTEX

Open Text - OTEX Stock Forecast, Price & News

$37.24
+0.20 (+0.54%)
(As of 03/23/2023 04:32 PM ET)
Add
Compare
Today's Range
$36.93
▼
$37.70
50-Day Range
$32.31
▼
$38.27
52-Week Range
$24.91
▼
$44.10
Volume
788,638 shs
Average Volume
752,427 shs
Market Capitalization
$10.07 billion
P/E Ratio
31.29
Dividend Yield
2.60%
Price Target
$44.71

Open Text MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
20.8% Upside
$44.71 Price Target
Short Interest
Bearish
1.61% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
0.67mentions of Open Text in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
49.30%
From $2.86 to $4.27 Per Share

Overall MarketRank™

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

2.56 out of 5 stars

Computer And Technology Sector

137th out of 602 stocks

Computer Integrated Systems Design Industry

4th out of 36 stocks

See Top Rated MarketRank™ Stocks Here

OTEX stock logo

About Open Text (NASDAQ:OTEX) Stock

Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.

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OTEX Stock News Headlines

March 22, 2023 | americanbankingnews.com
Barclays Initiates Coverage on Open Text (NASDAQ:OTEX)
March 21, 2023 | fool.ca
2 High-Risk, High-Reward Stocks to Buy in 2023
March 23, 2023 | Weiss Ratings (Ad)
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
March 21, 2023 | theglobeandmail.com
Tuesday’s TSX breakouts: This dividend stock has staged a sharp recovery, forming a bullish ‘golden cross’
March 21, 2023 | finance.yahoo.com
OpenText ValueEdge23 increases speed-to-value for application development and delivery organizations in the OpenText Cloud
March 13, 2023 | finance.yahoo.com
Open Text (NASDAQ:OTEX) shareholders have endured a 14% loss from investing in the stock a year ago
March 7, 2023 | ca.finance.yahoo.com
Better Buy: Open Text Stock or Nuvei?
March 1, 2023 | marketwatch.com
Open Text Corp. stock rises Tuesday, outperforms market
March 23, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
March 1, 2023 | finance.yahoo.com
OpenText Collaborates with Bayer to Simplify Digital Operations
February 19, 2023 | msn.com
2 Incredible Growth Stocks That Could Soar in 2023
February 16, 2023 | finance.yahoo.com
OpenText Fuels Business 2030 with Cloud Editions 23.1 Release
February 14, 2023 | msn.com
Is Open Text (OTEX) Stock Undervalued Right Now?
February 7, 2023 | finance.yahoo.com
Should Value Investors Buy DecisionPoint Systems (DPSI) Stock?
February 7, 2023 | finance.yahoo.com
Growth Investors: Industry Analysts Just Upgraded Their Open Text Corporation (NASDAQ:OTEX) Revenue Forecasts By 27%
February 3, 2023 | markets.businessinsider.com
BMO Capital Keeps Their Buy Rating on Open Text (OTEX)
February 2, 2023 | finance.yahoo.com
OpenText Reports Second Quarter Fiscal Year 2023 Financial Results
January 31, 2023 | marketwatch.com
Open Text Corp. stock rises Tuesday, still underperforms market
January 31, 2023 | finance.yahoo.com
OpenText Buys Micro Focus
January 10, 2023 | finance.yahoo.com
OpenText to Report Second Quarter Fiscal Year 2023 Financial Results on Thursday, February 2, 2023
December 22, 2022 | finance.yahoo.com
OpenText On Track to Buy Micro Focus
December 14, 2022 | marketwatch.com
Open Text Corp. stock falls Wednesday, underperforms market
November 27, 2022 | finance.yahoo.com
It Might Not Be A Great Idea To Buy Open Text Corporation (NASDAQ:OTEX) For Its Next Dividend
November 26, 2022 | theglobeandmail.com
Open Text: Top 10 Undervalued Large Cap Stocks on TSX (OTEX)
November 24, 2022 | finance.yahoo.com
The Independent Chairman of the Board of Open Text Corporation (NASDAQ:OTEX), Paul Jenkins, Just Bought 10% More Shares
November 21, 2022 | msn.com
Open Text's Return On Capital Employed Overview
November 13, 2022 | theglobeandmail.com
Open Text: Top 25 Undervalued Toronto Stock Exchange Stocks (OTEX)
See More Headlines
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OTEX Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 3/23 Dividend
3/02/2023
Today
3/23/2023
Dividend Payable
3/23/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
6/30/2023
Get Stock Alerts

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
14,800
Year Founded
1991

Price Target and Rating

Average Stock Price Forecast
$44.71
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+20.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.19
Trailing P/E Ratio
31.13
Forward P/E Ratio
12.95
P/E Growth
N/A
Net Income
$397.09 million
Net Margins
9.01%
Pretax Margin
12.42%
Return on Equity
19.33%
Return on Assets
7.46%

Debt

Debt-to-Equity Ratio
1.26
Current Ratio
2.31
Quick Ratio
2.31

Sales & Book Value

Annual Sales
$3.49 billion
Price / Sales
2.87
Cash Flow
$4.85 per share
Price / Cash Flow
7.63
Book Value
$14.96 per share
Price / Book
2.48

Miscellaneous

Outstanding Shares
270,460,000
Free Float
241,848,000
Market Cap
$10.02 billion
Optionable
Optionable
Beta
1.04

Social Links


Key Executives

  • Mark J. Barrenechea
    Vice Chairman, Chief Executive Officer & CTO
  • Madhu Ranganathan
    Chief Financial Officer & Executive Vice President
  • Renee Mckenzie
    Chief Information Officer & Executive VP-IT
  • Muhi S. Majzoub
    Chief Product Officer & Executive Vice President
  • Michael F. Acedo
    Secretary, Chief Legal Officer & Executive VP

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?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OTEX shares.
View OTEX analyst ratings or view top-rated stocks.

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

8 Wall Street research analysts have issued twelve-month price targets for Open Text's shares. Their OTEX share price forecasts range from $34.00 to $60.00. On average, they anticipate the company's stock price to reach $44.71 in the next year. This suggests a possible upside of 20.1% 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 on January 1st, 2023. Since then, OTEX stock has increased by 25.6% and is now trading at $37.24.
View the best growth stocks for 2023 here.

Are investors shorting Open Text?

Open Text saw a increase in short interest in February. As of February 28th, there was short interest totaling 4,260,000 shares, an increase of 31.1% from the February 13th total of 3,250,000 shares. Based on an average daily volume of 655,400 shares, the short-interest ratio is presently 6.5 days. Currently, 1.6% of the shares of the stock are sold short.
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 Wednesday, May 3rd 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, November, 4th. The software maker reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.03. The software maker had revenue of $832.31 million for the quarter, compared to analyst estimates of $822.27 million. Open Text had a trailing twelve-month return on equity of 19.33% and a net margin of 9.01%. Open Text's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS.

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

Open Text declared a quarterly dividend on Thursday, February 2nd. Investors of record on Friday, March 3rd will be paid a dividend of $0.243 per share on Thursday, March 23rd. This represents a $0.97 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, March 2nd.
Read our dividend analysis for OTEX.

What ETFs hold Open Text's stock?

ETFs with the largest weight of Open Text (NASDAQ:OTEX) stock in their portfolio include ProShares Ultra Cloud Computing (SKYU) and iShares MSCI Intl Size Factor ETF (ISZE) and

Is Open Text a good dividend stock?

Open Text (NASDAQ:OTEX) pays an annual dividend of $0.97 per share and currently has a dividend yield of 2.58%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 81.51%. 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 22.72% 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), Wheaton Precious Metals (WPM), 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."

Who are Open Text's major shareholders?

Open Text's stock is owned by many different institutional and retail investors. Top institutional investors include Jarislowsky Fraser Ltd (6.15%), Harris Associates L P (5.62%), Mackenzie Financial Corp (3.37%), Bank of Montreal Can (1.57%), National Bank of Canada FI (1.34%) and First Trust Advisors LP (1.23%).

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 $37.24.

How much money does Open Text make?

Open Text (NASDAQ:OTEX) has a market capitalization of $10.07 billion and generates $3.49 billion in revenue each year. The software maker earns $397.09 million in net income (profit) each year or $1.19 on an earnings per share basis.

How many employees does Open Text have?

The company employs 14,800 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 3/23/2023 by MarketBeat.com Staff