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Open Text - OTEX Stock Forecast, Price & News

$39.40
+0.04 (+0.10%)
(As of 08/11/2022 09:46 AM ET)
Add
Compare
Today's Range
$39.37
$39.73
50-Day Range
$36.70
$41.63
52-Week Range
$35.04
$55.25
Volume
9,436 shs
Average Volume
521,466 shs
Market Capitalization
$10.62 billion
P/E Ratio
26.99
Dividend Yield
2.34%
Price Target
$53.00

Open Text MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.7% Upside
$53.00 Price Target
Short Interest
Healthy
1.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.31mentions of Open Text in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.69 out of 5 stars

Computer And Technology Sector

164th out of 653 stocks

Computer Integrated Systems Design Industry

2nd out of 40 stocks

OTEX stock logo

About Open Text (NASDAQ:OTEX) Stock

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.

Open Text Price Performance

OTEX Stock traded up $1.53 during midday trading on Wednesday, hitting $39.36. The company's stock had a trading volume of 452,803 shares, compared to its average volume of 584,727. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 26.96 and a beta of 0.92. Open Text has a 12 month low of $35.04 and a 12 month high of $55.25. The company has a 50 day moving average of $39.12 and a two-hundred day moving average of $41.02.

Open Text Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd will be given a dividend of $0.243 per share. This is an increase from Open Text's previous quarterly dividend of $0.22. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, September 1st. Open Text's dividend payout ratio is currently 60.27%.

Analyst Ratings Changes

Several equities research analysts have recently commented on OTEX shares. TheStreet lowered shares of Open Text from a "b-" rating to a "c" rating in a research report on Tuesday, May 31st. StockNews.com lowered shares of Open Text from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 26th. Raymond James reduced their target price on shares of Open Text from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, August 5th. TD Securities reduced their target price on shares of Open Text from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, August 5th. Finally, National Bankshares reissued a "buy" rating and issued a $60.00 target price on shares of Open Text in a report on Friday, June 17th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $53.00.

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OTEX Stock News Headlines

Open Text (NASDAQ:OTEX) PT Lowered to $48.00 at TD Securities
Open Text (NASDAQ:OTEX) Price Target Cut to $55.00
Open Text (OTEX) Q4 2022 Earnings Call Transcript
Open Text (OTEX) Scheduled to Post Earnings on Thursday
Open Text Corp stock shrank on Tuesday.
Open Text Stock: Analysts See 39% Upside Potential
See More Headlines
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OTEX Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 6/24 Dividend
6/02/2022
Dividend Payable
6/24/2022
Today
8/11/2022
Ex-Dividend for 9/23 Dividend
9/01/2022
Dividend Payable
9/23/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$53.00
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+34.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$397.09 million
Pretax Margin
14.77%

Debt

Sales & Book Value

Annual Sales
$3.49 billion
Cash Flow
$5.14 per share
Book Value
$14.96 per share

Miscellaneous

Free Float
241,007,000
Market Cap
$10.62 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Mr. Mark J. Barrenechea (Age 57)
    Vice Chairman, CEO & CTO
    Comp: $9.91M
  • Ms. Madhu Ranganathan CPA (Age 57)
    M.B.A., Exec. VP & CFO
    Comp: $2.23M
  • Mr. Simon David Harrison (Age 52)
    Exec. VP of Enterprise Sales
    Comp: $2.14M
  • Mr. Gordon Allan Davies (Age 60)
    Exec. VP & Special Advisor to the CEO
    Comp: $1.74M
  • Mr. Muhi S. Majzoub (Age 62)
    Exec. VP & Chief Product Officer
    Comp: $1.78M
  • Mr. Howard D. Rosen CPA (Age 58)
    Sr. VP & Chief Accounting Officer
  • 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













OTEX Stock - Frequently Asked Questions

Should I buy or sell Open Text stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last twelve months. There are currently 4 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 2022?

4 equities research analysts have issued 12-month price targets for Open Text's stock. Their OTEX share price forecasts range from $48.00 to $60.00. On average, they expect the company's share price to reach $53.00 in the next year. This suggests a possible upside of 34.7% 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 2022?

Open Text's stock was trading at $47.48 at the start of the year. Since then, OTEX shares have decreased by 17.1% and is now trading at $39.36.
View the best growth stocks for 2022 here
.

When is Open Text's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our OTEX earnings forecast
.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) released its quarterly earnings data on Thursday, November, 4th. The software maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. The software maker earned $832.31 million during the quarter, compared to analyst estimates of $822.27 million. Open Text had a net margin of 11.36% and a trailing twelve-month return on equity of 19.79%. Open Text's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share.

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

Open Text declared a quarterly dividend on Monday, August 8th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.243 per share on Friday, September 23rd. This represents a $0.97 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, September 1st. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for OTEX
.

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 2.33%. 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 60.27%. This payout ratio is at a healthy, sustainable level, below 75%.
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?

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 number of institutional and retail investors. Top institutional shareholders include Jarislowsky Fraser Ltd (5.60%), Mackenzie Financial Corp (4.06%), Fiera Capital Corp (1.99%), First Pacific Advisors LP (1.35%), Bank of Nova Scotia (0.88%) and Cibc World Market Inc. (0.85%).

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 $39.36.

How much money does Open Text make?

Open Text (NASDAQ:OTEX) has a market capitalization of $10.61 billion and generates $3.49 billion in revenue each year. The software maker earns $397.09 million in net income (profit) each year or $1.46 on an earnings per share basis.

How many employees does Open Text have?

The company 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 the company is www.opentext.com. The software maker can be reached via phone at (416) 956-0322, via email at investors@opentext.com, or via fax at 519-888-0677.

This page (NASDAQ:OTEX) was last updated on 8/11/2022 by MarketBeat.com Staff

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