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Open Text Corp. (TSE:OTEX)
TSX:OTEX
Open Text (OTEX) Stock Price & Analysis
292 Followers
OTEX Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$38.45 - C$59.61
Previous CloseC$41.83
Volume203.56K
Average Volume (3M)663.00K
Market Cap
C$11.39B
Enterprise ValueC$21.49B
Total Cash (Recent Filing)$1.29B
Total Debt (Recent Filing)$8.66B
Price to Earnings (P/E)50.3
Beta1.15
Next Earnings
Aug 01, 2024EPS Estimate
C$1.39Next Dividend Ex-Date
May 31, 2024Dividend Yield3.26%
Share Statistics
EPS (TTM)0.83
Shares Outstanding272,044,545
10 Day Avg. Volume989,018
30 Day Avg. Volume663,004
Standard Deviation0.08
R-Squared0.31
Alpha-0.00144
Financial Highlights & Ratios
Price to Book (P/B)-1.38
Price to Sales (P/S)8.01
Price to Cash Flow (P/CF)5.40
P/FCF Ratio4.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.64
Enterprise Value/Gross Profit6.78
Enterprise Value/Ebitda18.92
Forecast
1Y Price Target
C$59.79Price Target Upside43.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Open Text News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceOpenText is a leading provider of information management solutions, expected to deliver low single-digit organic revenue growth and margin expansion.
Product DevelopmentOpenText's launch of opentext.ai and Aviator AI platform positions OpenText as a potential key player in AI-oriented software, with a strong existing customer base for cross-selling opportunities.
Strategic AcquisitionsManagement's strategy to acquire and successfully integrate software businesses is expected to raise renewal rates, leveraging a well-established playbook.
Bears Say
Earnings GuidanceOTEX's preliminary FY2025 guidance was significantly weaker than expected.
Revised TargetsFiscal Year 2026 targets have been pushed to FY27, due to customers opting for longer contracts.
Strategic Financial DecisionsPlans to prioritize capital return and M&A at the expense of further deleveraging, will constrain the opportunity for near-term multiple expansion.
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Options Prices
Currently, No data available
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Ownership Overview
3.12% Insiders
11.05% Mutual Funds
31.42% Other Institutional Investors
54.41% Public Companies and
Individual Investors
OTEX FAQ
What was Open Text Corp.’s price range in the past 12 months?
Open Text Corp. lowest stock price was C$38.45 and its highest was C$59.61 in the past 12 months.
What is Open Text Corp.’s market cap?
Currently, no data Available
When is Open Text Corp.’s upcoming earnings report date?
Open Text Corp.’s upcoming earnings report date is Aug 01, 2024 which is in 79 days.
How were Open Text Corp.’s earnings last quarter?
Open Text Corp. released its earnings results on May 02, 2024. The company reported C$1.286 earnings per share for the quarter, beating the consensus estimate of C$1.284 by C$0.002.
Is Open Text Corp. overvalued?
According to Wall Street analysts Open Text Corp.’s price is currently Undervalued.
Does Open Text Corp. pay dividends?
Open Text Corp. pays a Quarterly dividend of C$0.34 which represents an annual dividend yield of 3.26%. See more information on Open Text Corp. dividends here
What is Open Text Corp.’s EPS estimate?
Open Text Corp.’s EPS estimate is C$1.39.
How many shares outstanding does Open Text Corp. have?
Open Text Corp. has 272,869,450 shares outstanding.
What happened to Open Text Corp.’s price movement after its last earnings report?
Open Text Corp. reported an EPS of C$1.286 in its last earnings report, beating expectations of C$1.284. Following the earnings report the stock price went down -14.751%.
Which hedge fund is a major shareholder of Open Text Corp.?
Among the largest hedge funds holding Open Text Corp.’s share is Turtle Creek Asset Management Inc.. It holds Open Text Corp.’s shares valued at 144M.
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Open Text Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
C$59.79 (43.25% Upside)
C$59.79 (43.25% Upside)
Blogger Sentiment
Bullish
TSE:OTEX Sentiment 83%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 77.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $373.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.4%
Last 30 Days ▲ 0.7%
Last 30 Days ▲ 0.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-21.90%
12-Months-Change
Fundamentals
Return on Equity
4.08%
Trailing 12-Months
Asset Growth
-5.94%
Trailing 12-Months
Company Description
Open Text Corp.
Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.
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OTEX Company Deck
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OTEX Earnings Call
Q3 2024
0:00 / 0:00
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OTEX Stock 12 Month Forecast
Average Price Target
C$59.79
▲(43.25% Upside)
Technical Analysis
Best Analysts Covering OTEX
1 Year
1 Year Success Rate
19/27 ratings generated profit
1 Year Average Return
+10.88%
reiterated a buy rating 12 days ago
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