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NASDAQ:OTEX

Open Text Stock Forecast, Price & News

$46.21
+0.33 (+0.72 %)
(As of 05/18/2021 03:51 PM ET)
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Today's Range
$45.74
$46.53
50-Day Range
$45.26
$49.92
52-Week Range
$36.18
$50.21
Volume56,918 shs
Average Volume565,294 shs
Market Capitalization$12.61 billion
P/E Ratio47.15
Dividend Yield1.19%
Beta0.89
30 days | 90 days | 365 days | Advanced Chart
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Open Text logo

About Open Text

Open Text Corporation provides a suite of software products and services. The company offers content services; business network that manages and connects data within the organization; Cyber Resilience, a solution for defending against cyber threats and preparing for business continuity and response in the event of a breach; OpenText security solutions that addresses information security and digital investigations; AI and analytics that leverages structured or unstructured data; and OpenText Information Management software platform that provides multi-level, multi-role, and multi context security information platforms. It also offers digital process automation, which enables organizations to transform into digital data-driven businesses through automation; Customer Experience Management, a set of processes used to track customer interactions throughout the customer journey; and Discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. In addition, the company offers customer support programs that include access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets. Further, it provides professional services, such as 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 companies, mid-market companies, and public sector agencies worldwide. It has strategic partnerships with SAP SE, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Google Cloud, Amazon AWS, Accenture plc, Deloitte Consulting LLP, Tata Consultancy Services, ATOS, ATOS International S.A.S., Capgemini Technology Services SAS, and Cognizant Technology Solutions U.S. Corp. The company was founded in 1991 and is headquartered in Waterloo, Canada.

Headlines

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Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryN/A
Current SymbolNASDAQ:OTEX
CUSIPN/A
Phone519-888-7111
Employees14,300
Year Founded1991

Sales & Book Value

Annual Sales$3.11 billion
Cash Flow$4.95 per share
Book Value$14.74 per share

Profitability

Net Income$234.23 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$12.61 billion
Next Earnings Date8/5/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

1.88 out of 5 stars

Computer And Technology Sector

149th out of 1,567 stocks

Computer Integrated Systems Design Industry

12th out of 53 stocks

Analyst Opinion: 2.2Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Open Text (NASDAQ:OTEX) Frequently Asked Questions

Is Open Text a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Open Text stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTEX, but not buy additional shares or sell existing shares.
View analyst ratings for Open Text
or view top-rated stocks.

What stocks does MarketBeat like better than Open Text?

Wall Street analysts have given Open Text a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Open Text wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Open Text's next earnings date?

Open Text is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Open Text
.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) announced its quarterly earnings results on Thursday, May, 6th. The software maker reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.69 by $0.06. The software maker earned $832.90 million during the quarter, compared to analyst estimates of $813.30 million. Open Text had a net margin of 8.18% and a trailing twelve-month return on equity of 14.39%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS.
View Open Text's earnings history
.

How has Open Text's stock price been impacted by Coronavirus (COVID-19)?

Open Text's stock was trading at $37.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, OTEX stock has increased by 22.7% and is now trading at $46.20.
View which stocks have been most impacted by COVID-19
.

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

Open Text declared a quarterly dividend on Monday, May 10th. Shareholders of record on Friday, June 4th will be paid a dividend of $0.2008 per share on Friday, June 25th. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, June 3rd.
View Open Text's dividend history
.

Is Open Text a good dividend stock?

Open Text pays an annual dividend of $0.55 per share and currently has a dividend yield of 1.19%. Open Text has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Open Text is 19.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Open Text will have a dividend payout ratio of 16.98% next year. This indicates that Open Text will be able to sustain or increase its dividend.
View Open Text's dividend history.

What price target have analysts set for OTEX?

9 brokerages have issued 12-month target prices for Open Text's stock. Their forecasts range from $47.00 to $60.00. On average, they anticipate Open Text's share price to reach $55.71 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
View analysts' price targets for Open Text
or view top-rated stocks among Wall Street analysts.

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 56, Pay $3.03M) (LinkedIn Profile)
  • Ms. Madhu Ranganathan CPA, M.B.A., Exec. VP & CFO (Age 56, Pay $1.21M) (LinkedIn Profile)
  • Mr. Gordon Allan Davies, Exec. VP, Chief Legal & Corp. Devel. Officer, Chief Compliance Officer & Sec. (Age 59, Pay $931.93k) (LinkedIn Profile)
  • Mr. Muhi S. Majzoub, Exec. VP & Chief Product Officer (Age 61, Pay $1.03M) (LinkedIn Profile)
  • Mr. Howard D. Rosen CPA, Sr. VP & Chief Accounting Officer (Age 57)
  • Ms. Renee Dione McKenzie, Sr. VP & Chief Information Officer
  • Mr. Harry Edward Blount CFA, Sr. VP & Global Head of Investor Relations
  • Mr. Simon David Harrison, Exec. VP of Enterprise Sales (Age 51) (LinkedIn Profile)
  • Dr. Louis A. Blatt, Sr. VP & Chief Marketing Officer (Age 59) (LinkedIn Profile)
  • Mr. Brian Sweeney, Sr. VP & Chief HR Officer (Age 57) (LinkedIn Profile)

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.

Who are some of Open Text's key competitors?

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 retail and institutional investors. Top institutional investors include Royal Bank of Canada (3.60%), Caisse DE Depot ET Placement DU Quebec (3.50%), BlackRock Inc. (2.41%), Bank of Montreal Can (1.76%), The Manufacturers Life Insurance Company (1.65%) and Fiera Capital Corp (1.51%).

Which institutional investors are selling Open Text stock?

OTEX stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Caisse DE Depot ET Placement DU Quebec, FIL Ltd, Nuveen Asset Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, The Manufacturers Life Insurance Company, Letko Brosseau & Associates Inc., and Renaissance Technologies LLC.

Which institutional investors are buying Open Text stock?

OTEX stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., BlackRock Inc., Cidel Asset Management Inc., Fiera Capital Corp, Russell Investments Group Ltd., CDAM UK Ltd, Close Asset Management Ltd, and Royal Bank of Canada.

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 $46.20.

How much money does Open Text make?

Open Text has a market capitalization of $12.61 billion and generates $3.11 billion in revenue each year. The software maker earns $234.23 million in net income (profit) each year or $2.80 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.

When was Open Text founded?

Open Text was founded in 1991.

What is Open Text's official website?

The official website for Open Text is www.opentext.com.

Where are Open Text's headquarters?

Open Text is headquartered at 275 FRANK TOMPA DRIVE, WATERLOO A6, N2L 0A1.

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]


This page was last updated on 5/18/2021 by MarketBeat.com Staff
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