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NASDAQ:OTEX - Open Text Stock Price, Forecast & News

$44.95
-1.44 (-3.10 %)
(As of 02/25/2020 08:06 AM ET)
Today's Range
$44.49
Now: $44.95
$45.79
50-Day Range
$44.50
MA: $46.44
$47.80
52-Week Range
$37.01
Now: $44.95
$47.85
Volume526,700 shs
Average Volume442,706 shs
Market Capitalization$12.16 billion
P/E Ratio37.15
Dividend Yield1.51%
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$2.73 per share
Book Value$14.40 per share

Profitability

Net Income$285.50 million

Miscellaneous

Employees13,100
Market Cap$12.16 billion
Next Earnings Date5/6/2020 (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, January 29th. Investors of record on Friday, February 28th will be given a dividend of $0.175 per share on Friday, March 20th. This represents a $0.70 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, February 27th. View Open Text's Dividend History.

How were Open Text's earnings last quarter?

Open Text Corp (NASDAQ:OTEX) posted its quarterly earnings results on Thursday, January, 30th. The software maker reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.39. The software maker earned $771.56 million during the quarter, compared to analyst estimates of $754.01 million. Open Text had a net margin of 11.13% and a return on equity of 8.36%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 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 Wednesday, May 6th 2020. View Earnings Estimates for Open Text.

What price target have analysts set for OTEX?

7 brokers have issued 12 month price targets for Open Text's shares. Their forecasts range from $48.00 to $55.00. On average, they expect Open Text's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 15.7% 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 hold 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?

Press coverage about OTEX stock has trended neutral recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Open Text earned a media sentiment score of 0.4 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Open Text.

Are investors shorting Open Text?

Open Text saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 4,290,000 shares, an increase of 12.6% from the December 31st total of 3,810,000 shares. Based on an average trading volume of 459,000 shares, the short-interest ratio is presently 9.3 days. Approximately 1.6% of the shares of the 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 number of of retail and institutional investors. Top institutional shareholders include Jarislowsky Fraser Ltd (6.18%), Caisse DE Depot ET Placement DU Quebec (5.59%), Beutel Goodman & Co Ltd. (2.61%), Great West Life Assurance Co. Can (1.86%), New South Capital Management Inc. (1.72%) and Praesidium Investment Management Company LLC (1.32%).

Which major investors are selling Open Text stock?

OTEX stock was sold by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, QV Investors Inc., Connor Clark & Lunn Investment Management Ltd., Snow Capital Management LP, Russell Investments Group Ltd., Intact Investment Management Inc., Man Group plc and Guardian Capital LP.

Which major investors are buying Open Text stock?

OTEX stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Franklin Resources Inc., Altshuler Shaham Ltd, Bessemer Group Inc., National Pension Service, First Trust Advisors LP, Cidel Asset Management Inc. and FIL Ltd.

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 $44.95.

How big of a company is Open Text?

Open Text has a market capitalization of $12.16 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:  477 (Vote Outperform)
Underperform Votes:  437 (Vote Underperform)
Total Votes:  914
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 2/25/2020 by MarketBeat.com Staff

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