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NASDAQ:OTEX

Open Text (OTEX) Stock Price, News & Analysis

Open Text logo
$29.45 +0.27 (+0.93%)
(As of 11/22/2024 ET)

About Open Text Stock (NASDAQ:OTEX)

Key Stats

Today's Range
$29.08
$29.59
50-Day Range
$28.25
$34.04
52-Week Range
$27.50
$45.47
Volume
362,262 shs
Average Volume
790,810 shs
Market Capitalization
$7.83 billion
P/E Ratio
17.02
Dividend Yield
3.57%
Price Target
$35.90
Consensus Rating
Hold

Company Overview

Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation. It also provides cybersecurity cloud solutions to protect, prevent, detect, respond and quickly recover from threats across endpoints, network, applications, IT infrastructure and data, AI-led threat intelligence; and to protect critical information and processes through threat intelligence, forensics, identity, encryption, and cloud-based application security. In addition, the company offers business network cloud for digital supply chains and secure e-commerce ecosystems including digitize and automate procure-to-pay and order-to-cash processes; IT operations management cloud for automation and advancement of IT support and asset management; and analytics & AI cloud solutions that offers artificial intelligence with practical usage to provide organizations with actionable insights and better automation, such as visualizations, advanced natural language processing and understanding, and integrated computer vision capabilities. In addition, it provides application automation cloud, developers cloud, and services. Further, it has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, DXC Technology Company, Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.

Open Text Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

OTEX MarketRank™: 

Open Text scored higher than 96% of companies evaluated by MarketBeat, and ranked 51st out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Open Text has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 3 buy ratings, 8 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Open Text has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Open Text's stock forecast and price target.
  • Earnings Growth

    Earnings for Open Text are expected to grow by 10.98% in the coming year, from $3.37 to $3.74 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Open Text is 17.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.99.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Open Text is 17.02, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 205.71.

  • Price to Book Value per Share Ratio

    Open Text has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Open Text's valuation and earnings.
  • Percentage of Shares Shorted

    1.88% of the float of Open Text has been sold short.
  • Short Interest Ratio / Days to Cover

    Open Text has a short interest ratio ("days to cover") of 8.7.
  • Change versus previous month

    Short interest in Open Text has recently increased by 8.19%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Open Text is a leading dividend payer. It pays a dividend yield of 3.60%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Open Text does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Open Text is 60.69%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Open Text will have a dividend payout ratio of 28.07% next year. This indicates that Open Text will be able to sustain or increase its dividend.

  • Read more about Open Text's dividend.
  • Percentage of Shares Shorted

    1.88% of the float of Open Text has been sold short.
  • Short Interest Ratio / Days to Cover

    Open Text has a short interest ratio ("days to cover") of 8.7.
  • Change versus previous month

    Short interest in Open Text has recently increased by 8.19%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Open Text has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Open Text this week, compared to 5 articles on an average week.
  • Search Interest

    19 people have searched for OTEX on MarketBeat in the last 30 days. This is an increase of 850% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Open Text to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Open Text insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    10.58% of the stock of Open Text is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    70.37% of the stock of Open Text is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Open Text's insider trading history.
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OTEX Stock News Headlines

Scotiabank Reaffirms Their Hold Rating on Open Text (OTEX)
Barclays Keeps Their Hold Rating on Open Text (OTEX)
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OTEX Stock Analysis - Frequently Asked Questions

Open Text's stock was trading at $42.02 at the beginning of 2024. Since then, OTEX shares have decreased by 29.9% and is now trading at $29.45.
View the best growth stocks for 2024 here
.

Open Text Co. (NASDAQ:OTEX) released its quarterly earnings results on Thursday, October, 31st. The software maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.13. Open Text's revenue for the quarter was down 11.0% on a year-over-year basis.

Open Text subsidiaries include XMedius, Carbonite, Catalyst Repository Systems, Liaison Technologies, Hightail, OpenText Security, Covisint, and more.

Open Text's top institutional shareholders include Harris Associates L P (4.82%), FMR LLC (3.12%), The Manufacturers Life Insurance Company (2.12%) and National Bank of Canada FI (1.53%).

Shares of OTEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Open Text investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Wheaton Precious Metals (WPM) and NVIDIA (NVDA).

Company Calendar

Ex-Dividend for 9/20 Dividend
8/30/2024
Dividend Payable
9/20/2024
Last Earnings
10/31/2024
Today
11/23/2024
Ex-Dividend for 12/20 Dividend
11/29/2024
Dividend Payable
12/20/2024
Next Earnings (Estimated)
2/06/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
Computer Software
Current Symbol
NASDAQ:OTEX
Employees
22,900
Year Founded
1991

Price Target and Rating

Average Stock Price Target
$35.90
High Stock Price Target
$48.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+21.9%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$465.09 million
Pretax Margin
12.90%

Debt

Sales & Book Value

Annual Sales
$5.77 billion
Cash Flow
$7.00 per share
Book Value
$15.56 per share

Miscellaneous

Free Float
237,754,000
Market Cap
$7.83 billion
Optionable
Optionable
Beta
1.13

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This page (NASDAQ:OTEX) was last updated on 11/23/2024 by MarketBeat.com Staff
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