Open TextOTEX
Market Cap: $8.42B
About: Open Text Corp is engaged in the design, development, marketing, and sale of Information Management software and solutions. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). Its platform and services provide secure and scalable solutions for enterprises, SMBs, governments, and consumers around the world. The company's solutions are marketed and delivered on the OpenText Cloud Platform, which is a comprehensive Information Management platform consisting of six business clouds; Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud. Geographically, it derives maximum revenue from the United States.
Employees: 22,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
92% more call options, than puts
Call options by funds: $21.4M | Put options by funds: $11.2M
18% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 82
0% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 8 (+0) [Q2]
0.13% less ownership
Funds ownership: 65.09% [Q1] → 64.96% (-0.13%) [Q2]
9% less funds holding
Funds holding: 268 [Q1] → 245 (-23) [Q2]
22% less capital invested
Capital invested by funds: $6.91B [Q1] → $5.37B (-$1.55B) [Q2]
38% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 61
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Raimo Lenschow 60% 1-year accuracy 26 / 43 met price target | 15%upside $36 | Equal-Weight Maintained | 5 Aug 2024 |
CIBC Stephanie Price 100% 1-year accuracy 4 / 4 met price target | 5%upside $33 | Neutral Maintained | 19 Jul 2024 |
Citigroup Steven Enders 68% 1-year accuracy 13 / 19 met price target | 2%upside $32 | Neutral Maintained | 26 Jun 2024 |
CIBC Stephanie Price 100% 1-year accuracy 4 / 4 met price target | 15%upside $36 | Neutral Maintained | 21 Jun 2024 |
Financial journalist opinion
Based on 7 articles about OTEX published over the past 30 days