S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
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NASDAQ:OTEX

Open Text Stock Forecast, Price & News

$46.71
+0.13 (+0.28 %)
(As of 01/26/2021 12:00 AM ET)
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Today's Range
$46.16
Now: $46.71
$46.88
50-Day Range
$44.26
MA: $45.66
$47.52
52-Week Range
$29.11
Now: $46.71
$47.85
Volume302,254 shs
Average Volume511,866 shs
Market Capitalization$12.71 billion
P/E Ratio47.66
Dividend Yield1.72%
Beta0.89
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.
Open Text logo

MarketRank

Overall MarketRank

1.85 out of 5 stars

Computer And Technology Sector

58th out of 1,510 stocks

Computer Integrated Systems Design Industry

3rd out of 53 stocks

Analyst Opinion: 1.3Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.11 billion
Cash Flow$5.01 per share
Book Value$14.74 per share

Profitability

Net Income$234.23 million

Miscellaneous

Market Cap$12.71 billion
Next Earnings Date2/4/2021 (Confirmed)
OptionableOptionable
$46.71
+0.13 (+0.28 %)
(As of 01/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Open Text (NASDAQ:OTEX) Frequently Asked Questions

How has Open Text's stock price been impacted by Coronavirus?

Open Text's stock was trading at $37.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OTEX shares have increased by 24.0% and is now trading at $46.71.
View which stocks have been most impacted by COVID-19
.

Is Open Text a buy right now?

10 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 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Open Text stock.
View analyst ratings for Open Text
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Open Text?

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

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.

When is Open Text's next earnings date?

Open Text is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Open Text
.

How can I listen to Open Text's earnings call?

Open Text will be holding an earnings conference call on Thursday, February 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) released its earnings results on Thursday, November, 5th. The software maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.22. The software maker earned $804 million during the quarter, compared to the consensus estimate of $758.42 million. Open Text had a net margin of 8.18% and a trailing twelve-month return on equity of 14.39%. The business's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 EPS.
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 Thursday, November 5th. Investors of record on Friday, December 4th will be paid a dividend of $0.151 per share on Tuesday, December 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, December 3rd.
View Open Text's dividend history
.

Is Open Text a good dividend stock?

Open Text pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.72%. Open Text has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Open Text is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Open Text will have a dividend payout ratio of 24.69% 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?

10 brokers have issued 1-year price targets for Open Text's stock. Their forecasts range from $45.00 to $58.00. On average, they anticipate Open Text's stock price to reach $51.25 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price.
View analysts' price targets for Open Text
or view Wall Street analyst' top-rated stocks.

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

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 institutional and retail investors. Top institutional investors include Addenda Capital Inc. (0.23%), Crossmark Global Holdings Inc. (0.08%), DORCHESTER WEALTH MANAGEMENT Co (0.07%), Pendal Group Limited (0.00%), Wedge Capital Management L L P NC (0.00%) and OLD National Bancorp IN (0.00%).

Which institutional investors are buying Open Text stock?

OTEX stock was bought by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., DORCHESTER WEALTH MANAGEMENT Co, Pendal Group Limited, Addenda Capital Inc., Nisa Investment Advisors LLC, Wedge Capital Management L L P NC, OLD National Bancorp IN, and Exchange Traded Concepts LLC.

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.

What is Open Text's stock price today?

One share of OTEX stock can currently be purchased for approximately $46.71.

How big of a company is Open Text?

Open Text has a market capitalization of $12.71 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. Open Text employs 14,300 workers across the globe.

What is Open Text's official website?

The official website for Open Text is 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]

This page was last updated on 1/27/2021 by MarketBeat.com Staff

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