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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61

Open Text Stock Forecast, Price & News

$39.63
+1.23 (+3.20%)
(As of 06/24/2022 04:00 PM ET)
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Today's Range
$38.78
$39.70
50-Day Range
$35.50
$42.51
52-Week Range
$35.04
$55.25
Volume
638,841 shs
Average Volume
607,418 shs
Market Capitalization
$10.72 billion
P/E Ratio
22.78
Dividend Yield
2.29%
Price Target
$54.17
30 days | 90 days | 365 days | Advanced Chart

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OTEX Stock Forecast (MarketRank)

Overall MarketRank

3.13 out of 5 stars

Computer And Technology Sector

41st out of 923 stocks

Computer Integrated Systems Design Industry

1st out of 50 stocks

Analyst Opinion: 3.4Community Rank: 4.5Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Open Text logo

About Open Text (NASDAQ:OTEX)

Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform. The company also provides Discovery platform that provides forensics and unstructured data analytics; OpenText Developer Cloud; key developer API services; AI and analytics that leverages structured or unstructured data; digital process automation solutions, which enables organizations to transform into digital data-driven businesses; and OpenText Digital Experience platform. In addition, it offers customer support programs, including access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets; and consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise and mid-market companies, public sector agencies, small and medium-sized businesses, and direct consumers in Canada, the United States, the United Kingdom, Germany, rest of Europe, the Middle East, Africa, and internationally. It has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. The company was incorporated in 1991 and is headquartered in Waterloo, Canada.

OTEX Stock News Headlines

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Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Current Symbol
NASDAQ:OTEX
Employees
14,300
Year Founded
1991

Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 6/24 Dividend
6/02/2022
Today
6/24/2022
Dividend Payable
6/24/2022
Fiscal Year End
6/30/2022
Next Earnings (Estimated)
8/04/2022

Price Target and Rating

Average Stock Price Forecast
$54.17
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+36.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.8
Research Coverage
5 Analysts

Profitability

Net Income
$310.67 million
Pretax Margin
17.16%

Debt

Sales & Book Value

Annual Sales
$3.39 billion
Cash Flow
$5.50 per share
Book Value
$15.10 per share

Miscellaneous

Free Float
241,866,000
Market Cap
$10.72 billion
Optionable
Optionable
Beta
0.93

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Open Text Frequently Asked Questions

Should I buy or sell Open Text stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Open Text stock.
View analyst ratings for Open Text
or view top-rated stocks.

What is Open Text's stock price forecast for 2022?

5 Wall Street analysts have issued 12 month target prices for Open Text's stock. Their OTEX stock forecasts range from $50.00 to $60.00. On average, they predict Open Text's stock price to reach $54.17 in the next year. This suggests a possible upside of 36.7% from the stock's current price.
View analysts' price targets for Open Text
or view top-rated stocks among Wall Street analysts.

How has Open Text's stock performed in 2022?

Open Text's stock was trading at $47.48 at the start of the year. Since then, OTEX shares have decreased by 16.5% and is now trading at $39.63.
View the best growth stocks for 2022 here
.

When is Open Text's next earnings date?

Open Text is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Open Text
.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) released its quarterly earnings results on Wednesday, May, 4th. The software maker reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The software maker earned $882.30 million during the quarter, compared to the consensus estimate of $883.76 million. Open Text had a net margin of 13.66% and a trailing twelve-month return on equity of 20.16%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share.
View Open Text's earnings history
.

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

Open Text announced a quarterly dividend on Friday, May 6th. Investors of record on Friday, June 3rd will be paid a dividend of $0.2209 per share on Friday, June 24th. This represents a $0.88 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, June 2nd.
View Open Text's dividend history
.

Is Open Text a good dividend stock?

Open Text(NASDAQ:OTEX) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.29%. Open Text has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Open Text is 50.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Open Text will have a dividend payout ratio of 26.11% next year. This indicates that Open Text will be able to sustain or increase its dividend.
View Open Text's dividend history.

Who are Open Text's key executives?

Open Text's management team includes the following people:
  • Mr. Mark J. Barrenechea, Vice Chairman, CEO & CTO (Age 57, Pay $9.91M)
  • Ms. Madhu Ranganathan CPA, M.B.A., Exec. VP & CFO (Age 57, Pay $2.23M)
  • Mr. Simon David Harrison, Exec. VP of Enterprise Sales (Age 52, Pay $2.14M)
  • Mr. Gordon Allan Davies, Exec. VP & Special Advisor to the CEO (Age 60, Pay $1.74M)
  • Mr. Muhi S. Majzoub, Exec. VP & Chief Product Officer (Age 62, Pay $1.78M)
  • Mr. Howard D. Rosen CPA, Sr. VP & Chief Accounting Officer (Age 58)
  • Ms. Renee Dione McKenzie, Sr. VP & Chief Information Officer
  • Mr. Harry Edward Blount, Sr. VP & Global Head of Investor Relations
  • Mr. Michael F. Acedo, Sr. VP, Chief Legal Officer & Corp. Sec.
  • Jen Bell, VP & Chief Communications Officer

What is Mark J. Barrenechea's approval rating as Open Text's CEO?

1,052 employees have rated Open Text CEO Mark J. Barrenechea on Glassdoor.com. Mark J. Barrenechea has an approval rating of 65% among Open Text's employees.

What other stocks do shareholders of Open Text own?

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 a variety of retail and institutional investors. Top institutional shareholders include Jarislowsky Fraser Ltd (5.66%), Royal Bank of Canada (4.56%), Mackenzie Financial Corp (3.92%), Harris Associates L P (3.74%), Vanguard Group Inc. (3.36%) and Beutel Goodman & Co Ltd. (3.22%).

Which institutional investors are selling Open Text stock?

OTEX stock was sold by a variety of institutional investors in the last quarter, including Jarislowsky Fraser Ltd, Bank of Montreal Can, Royal Bank of Canada, Connor Clark & Lunn Investment Management Ltd., Bank of New York Mellon Corp, Cibc World Market Inc., Bank of Nova Scotia, and Beutel Goodman & Co Ltd..

Which institutional investors are buying Open Text stock?

OTEX stock was bought by a variety of institutional investors in the last quarter, including Harris Associates L P, First Pacific Advisors LP, Bank of America Corp DE, American Century Companies Inc., Renaissance Technologies LLC, Mackenzie Financial Corp, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Turtle Creek Asset Management 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 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 $39.63.

How much money does Open Text make?

Open Text (NASDAQ:OTEX) has a market capitalization of $10.72 billion and generates $3.39 billion in revenue each year. The software maker earns $310.67 million in net income (profit) each year or $1.74 on an earnings per share basis.

How many employees does Open Text have?

Open Text employs 14,300 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

When was Open Text founded?

Open Text was founded in 1991.

How can I contact Open Text?

Open Text's mailing address is 275 FRANK TOMPA DRIVE, WATERLOO A6, N2L 0A1. The official website for Open Text is www.opentext.com. The software maker can be reached via phone at (416) 956-0322, via email at [email protected], or via fax at 519-888-0677.

This page (NASDAQ:OTEX) was last updated on 6/25/2022 by MarketBeat.com Staff

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