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Open Text Corp. (TSE:OTEX)
TSX:OTEX
Open Text (OTEX) Stock Price & Analysis
275 Followers
OTEX Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$43.78 - C$59.61
Previous CloseC$47.88
Volume473.63K
Average Volume (3M)613.38K
Market Cap
C$13.03B
Enterprise ValueC$23.85B
Total Cash (Recent Filing)$1.00B
Total Debt (Recent Filing)$8.84B
Price to Earnings (P/E)75.6
Beta1.13
Next Earnings
May 02, 2024EPS Estimate
C$1.28Last Dividend Ex-Date
Feb 29, 2024Dividend Yield2.88%
Share Statistics
EPS (TTM)0.63
Shares Outstanding272,044,545
10 Day Avg. Volume498,858
30 Day Avg. Volume613,380
Standard Deviation0.07
R-Squared0.30
Alpha-0.00079
Financial Highlights & Ratios
Price to Book (P/B)-1.51
Price to Sales (P/S)2.90
Price to Cash Flow (P/CF)N/A
P/FCF Ratio20.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.19
Enterprise Value/Gross Profit7.53
Enterprise Value/Ebitda16.10
Forecast
1Y Price Target
C$67.91Price Target Upside41.84% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Open Text News
PremiumCompany Announcements
Open Text Corp. Announces Executive Team Reorganization
PremiumCompany Announcements
Open Text Corp. Announces Upcoming Dividend PaymentBulls Say, Bears Say
Bulls Say
Financial Growth StrategyManagement's strategy to acquire and successfully integrate software businesses is expected to raise renewal rates, leveraging a well-established playbook.
Product Launch And Market StrategyThe company'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.
Valuation And Financial RecognitionOpenText's solid fundamental picture is anticipated to become more recognized, potentially narrowing the current valuation discount to its peers.
Bears Say
Earnings GuidanceThe company's EBITDA guidance for Q3/24 fell short of market expectations, signaling potential underlying financial weaknesses.
Profitability ConcernsA downward revision in the top end of the company's FY2024 margin guidance may indicate increasing cost pressures or operational inefficiencies.
Strategic ShiftsThe company's shift in strategy towards higher maintenance costs and increased investments in cloud & AI could dilute margins and affect short-term profitability.
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Options Prices
Currently, No data available
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Ownership Overview
3.12% Insiders
11.04% Mutual Funds
12.97% Other Institutional Investors
72.86% 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$43.78 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 May 02, 2024 which is in 3 days.
How were Open Text Corp.’s earnings last quarter?
Open Text Corp. released its earnings results on Feb 01, 2024. The company reported C$1.668 earnings per share for the quarter, beating the consensus estimate of C$1.616 by C$0.052.
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$0.25 which represents an annual dividend yield of 2.88%. 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$1.28.
How many shares outstanding does Open Text Corp. have?
Open Text Corp. has 272,044,560 shares outstanding.
What happened to Open Text Corp.’s price movement after its last earnings report?
Open Text Corp. reported an EPS of C$1.668 in its last earnings report, beating expectations of C$1.616. Following the earnings report the stock price went down -1.812%.
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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
C$67.91 (41.84% Upside)
C$67.91 (41.84% Upside)
Blogger Sentiment
Bullish
TSE:OTEX Sentiment 83%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 77.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $16.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-9.02%
12-Months-Change
Fundamentals
Return on Equity
3.13%
Trailing 12-Months
Asset Growth
46.58%
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
Q2 2024
0:00 / 0:00
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OTEX Stock 12 Months Forecast
Average Price Target
C$67.91
▲(41.84% Upside)
Technical Analysis
Best Analysts Covering OTEX
1 Year
1 Year Success Rate
18/26 ratings generated profit
1 Year Average Return
+11.64%
reiterated a buy rating 8 months ago
Copying Richard Tse's trades and holding each position for 1 Year would result in 69.23% of your transactions generating a profit, with an average return of +11.64% per trade.
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