Open Text (OTEX)

• Market cap: $6.73B
• 1 day: -0.23%
• 5 days: 3.57%
• 1 month: -1.92%
• 3 months: -8.17%
• 6 months: -24.84%
• Year to date: -9.70%
• 1 year: -26.27%
• 5 years: -34.81%
• 10 years: -10.84%
• Sector: Technology
• Industry: Software - Application

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: 12,900

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

94% more call options, than puts

Call options by funds: $10.8M | Put options by funds: $5.56M

10% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 42

3% more repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 96

0% more funds holding

Funds holding: 278 [Q3] → 279 (+1) [Q4]

1.28% less ownership

Funds ownership: 67.03% [Q3] → 65.75% (-1.28%) [Q4]

18% less capital invested

Capital invested by funds: $6.02B [Q3] → $4.95B (-$1.06B) [Q4]

25% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 6 (-2) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 22% upside
• Avg. target: $34 31% upside
• High target: $36 41% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

Barclays Raimo Lenschow 28% 1-year accuracy 22 / 79 met price target	41% upside $36	Equal-Weight Maintained	7 Feb 2025
RBC Capital Paul Treiber 43% 1-year accuracy 9 / 21 met price target	22% upside $31	Sector Perform Maintained	7 Feb 2025