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TSE:OTEX

Open Text (OTEX) Stock Price, News & Analysis

Open Text logo
C$39.78
-0.62 (-1.53%)
(As of 11/4/2024 ET)

About Open Text Stock (TSE:OTEX)

Key Stats

Today's Range
C$39.68
C$40.48
50-Day Range
C$39.78
C$47.10
52-Week Range
C$37.92
C$60.00
Volume
1.07 million shs
Average Volume
645,218 shs
Market Capitalization
C$10.67 billion
P/E Ratio
16.86
Dividend Yield
3.57%
Price Target
C$53.00
Consensus Rating
Buy

Company Overview

Open Text Corporation engages in the provision of information management products and services. The company offers content services, including 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; analytics and 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; and 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. The company was incorporated in 1991 and is headquartered in Waterloo, Canada.

Open Text Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
66th Percentile Overall Score

OTEX MarketRank™: 

Open Text scored higher than 66% of companies evaluated by MarketBeat. 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 Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Open Text has received no research coverage in the past 90 days.

  • Read more about Open Text's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Open Text is 16.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.67.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Open Text is 16.86, 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 262.87.

  • Price to Earnings Growth Ratio

    Open Text has a PEG Ratio of 1.35. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Open Text has a P/B Ratio of 2.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for OTEX.
  • Dividend Yield

    Open Text pays a meaningful dividend of 3.04%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

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

  • Dividend Coverage

    The dividend payout ratio of Open Text is 60.17%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Open Text's dividend.
  • Short Interest

    There is no current short interest data available for OTEX.
  • News Sentiment

    Open Text has a news sentiment score of 0.16. 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 0.45 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Open Text this week, compared to 1 article on an average week.
  • Search Interest

    6 people have searched for OTEX on MarketBeat in the last 30 days. This is an increase of 20% 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

    Only 2.11% of the stock of Open Text is held by insiders.

  • Percentage Held by Institutions

    77.52% 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

Open Text (OTEX) Gets a Hold from Barclays
This company will win the AI race
Rome wasn’t built in a day… But there is another lesser-known type of keystone, one that plays an equally critical role in supporting the most revolutionary technology the world’s ever seen… artificial intelligence. And without it, the entire AI industry would collapse.
See More Headlines

OTEX Stock Analysis - Frequently Asked Questions

Open Text's stock was trading at C$55.69 at the beginning of 2024. Since then, OTEX shares have decreased by 28.6% and is now trading at C$39.78.
View the best growth stocks for 2024 here
.

Shares of OTEX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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 Vermilion Energy (VET).

Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
22,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$53.00
High Stock Price Target
C$53.00
Low Stock Price Target
C$53.00
Potential Upside/Downside
+33.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
C$465.09 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.77 billion
Cash Flow
C$6.70 per share
Book Value
C$15.86 per share

Miscellaneous

Free Float
N/A
Market Cap
C$10.67 billion
Optionable
Not Optionable
Beta
1.12
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This page (TSE:OTEX) was last updated on 11/5/2024 by MarketBeat.com Staff
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