Open Text (OTEX) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: C$40.37 to C$41.12
• 50-Day Range: C$39.59 to C$47.10
• 52-Week Range: C$37.92 to C$60.00
• Volume: 1.90 million shs
• Average Volume: 658,532 shs
• Market Capitalization: C$10.94 billion
• P/E Ratio: 17.28
• Dividend Yield: 3.48%
• Price Target: C$53.00
• Consensus Rating: Buy

Open Text Stock Analysis - MarketRank™

Open Text scored higher than 60% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

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.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Open Text is 17.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Open Text is 17.28, 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 241.66.

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 2.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for OTEX.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for OTEX.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Open Text this week, compared to 1 article on an average week.

Search Interest

18 people have searched for OTEX on MarketBeat in the last 30 days. This is an increase of 800% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Open Text insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$2,472,727.00 in 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.

OTEX Stock Analysis - Frequently Asked Questions

How have OTEX shares performed this year?

Open Text's stock was trading at C$55.69 at the beginning of 2024. Since then, OTEX stock has decreased by 26.8% and is now trading at C$40.78.
View the best growth stocks for 2024 here.

How do I buy shares of Open Text?

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.

What other stocks do shareholders of Open Text own?

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

• Stock Exchange: TSE
• Sector: Computer and Technology
• Industry: Software - Application
• Sub-Industry: N/A
• Current Symbol: TSE:OTEX
• Previous Symbol: TSE:OTC
• CUSIP: N/A
• CIK: N/A
• Web: www.opentext.com
• Phone: +1-519-8887111
• 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: +31.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.36
• Trailing P/E Ratio: 17.11
• Forward P/E Ratio: 8.23
• P/E Growth: 1.35
• Net Income: C$465.09 million
• Net Margins: 8.06%
• Pretax Margin: N/A
• Return on Equity: 11.32%
• Return on Assets: 4.03%

Debt

• Debt-to-Equity Ratio: 159.37
• Current Ratio: 0.81
• Quick Ratio: 1.34

Sales & Book Value

• Annual Sales: C$5.77 billion
• Price / Sales: 1.88
• Cash Flow: C$6.80 per share
• Price / Cash Flow: 5.94
• Book Value: C$15.86 per share
• Price / Book: 2.55

Miscellaneous

• Outstanding Shares: 268,190,000
• Free Float: N/A
• Market Cap: C$10.83 billion
• Optionable: Not Optionable
• Beta: 1.12