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Open Text Stock Price, Forecast & Analysis (NASDAQ:OTEX)

$43.21
-0.35 (-0.80 %)
(As of 11/20/2019 04:00 PM ET)
Today's Range
$42.83
Now: $43.21
$43.68
50-Day Range
$39.24
MA: $40.95
$43.54
52-Week Range
$30.99
Now: $43.21
$44.49
Volume372,105 shs
Average Volume550,798 shs
Market Capitalization$11.68 billion
P/E Ratio40.76
Dividend Yield1.61%
Beta0.56
Open Text Corporation provides a suite of software products and services. The company offers content services; digital process automation, which enables organizations to transform into digital and data-driven businesses through automation; and discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. Read More…

Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:OTEX
CUSIPN/A
Phone519-888-7111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.87 billion
Cash Flow$2.80 per share
Book Value$14.40 per share

Profitability

Net Income$285.50 million

Miscellaneous

Employees13,100
Market Cap$11.68 billion
Next Earnings Date1/30/2020 (Estimated)
OptionableOptionable

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Open Text (NASDAQ:OTEX) Frequently Asked Questions

What is Open Text's stock symbol?

Open Text trades on the NASDAQ under the ticker symbol "OTEX."

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

Open Text announced a quarterly dividend on Wednesday, July 31st. Shareholders of record on Friday, August 30th will be given a dividend of $0.175 per share on Friday, September 20th. This represents a $0.70 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, August 29th. This is an increase from Open Text's previous quarterly dividend of $0.17. View Open Text's Dividend History.

How were Open Text's earnings last quarter?

Open Text Corp (NASDAQ:OTEX) announced its quarterly earnings results on Thursday, October, 31st. The software maker reported $0.64 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.36. The software maker had revenue of $696.90 million for the quarter, compared to analysts' expectations of $703.13 million. Open Text had a return on equity of 8.40% and a net margin of 11.16%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. View Open Text's Earnings History.

When is Open Text's next earnings date?

Open Text is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Open Text.

What price target have analysts set for OTEX?

7 brokers have issued 1-year price targets for Open Text's stock. Their forecasts range from $43.00 to $53.00. On average, they expect Open Text's share price to reach $48.50 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price. View Analyst Price Targets for Open Text.

What is the consensus analysts' recommendation for Open Text?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last year. There are currently 1 sell rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Open Text.

Has Open Text been receiving favorable news coverage?

News coverage about OTEX stock has trended somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Open Text earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave media coverage about the software maker a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Open Text.

Are investors shorting Open Text?

Open Text saw a increase in short interest in October. As of October 31st, there was short interest totalling 3,660,000 shares, an increase of 29.3% from the September 30th total of 2,830,000 shares. Based on an average daily volume of 539,900 shares, the days-to-cover ratio is presently 6.8 days. Approximately 1.4% of the company's stock are short sold. View Open Text's Current Options Chain.

Who are some of Open Text's key competitors?

What other stocks do shareholders of Open Text own?

Who are Open Text's key executives?

Open Text's management team includes the folowing people:
  • Mr. Mark J. Barrenechea, Vice Chairman, CEO & CTO (Age 54)
  • Ms. Madhu Ranganathan CPA, M.B.A., Exec. VP & CFO (Age 54)
  • Mr. Gordon Allan Davies, Exec. VP, Chief Legal & Corp. Devel. Officer, Chief Compliance Officer & Sec. (Age 57)
  • Mr. Simon David Harrison, Exec. VP of Worldwide Sales (Age 49)
  • Mr. Muhi S. Majzoub, Exec. VP of Engineering (Age 59)

Who are Open Text's major shareholders?

Open Text's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Beutel Goodman & Co Ltd. (2.63%), Great West Life Assurance Co. Can (1.82%), QV Investors Inc. (1.43%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), Russell Investments Group Ltd. (0.37%) and Alberta Investment Management Corp (0.33%).

Which institutional investors are selling Open Text stock?

OTEX stock was sold by a variety of institutional investors in the last quarter, including Beutel Goodman & Co Ltd., Alberta Investment Management Corp, Assenagon Asset Management S.A., Russell Investments Group Ltd., QV Investors Inc., Zurcher Kantonalbank Zurich Cantonalbank, Greystone Managed Investments Inc. and AMF Pensionsforsakring AB.

Which institutional investors are buying Open Text stock?

OTEX stock was purchased by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Addenda Capital Inc., Hexavest Inc., Pembroke Management LTD, Meritage Portfolio Management, Tower Research Capital LLC TRC, DORCHESTER WEALTH MANAGEMENT Co and Sumitomo Mitsui Trust Holdings 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Open Text's stock price today?

One share of OTEX stock can currently be purchased for approximately $43.21.

How big of a company is Open Text?

Open Text has a market capitalization of $11.68 billion and generates $2.87 billion in revenue each year. The software maker earns $285.50 million in net income (profit) each year or $1.06 on an earnings per share basis. Open Text employs 13,100 workers across the globe.View Additional Information About Open Text.

What is Open Text's official website?

The official website for Open Text is http://www.opentext.com/.

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]


MarketBeat Community Rating for Open Text (NASDAQ OTEX)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  457 (Vote Outperform)
Underperform Votes:  416 (Vote Underperform)
Total Votes:  873
MarketBeat's community ratings are surveys of what our community members think about Open Text and other stocks. Vote "Outperform" if you believe OTEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OTEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/20/2019 by MarketBeat.com Staff

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