Open Text (OTEX)

• Market cap: $7.93B
• 1 day: 1.53%
• 5 days: 1.81%
• 1 month: 3.29%
• 3 months: 3.18%
• 6 months: 4.48%
• Year to date: 5.56%
• 1 year: -28.81%
• 5 years: -35.73%
• 10 years: 1.15%
• Sector: Information Technology
• Industry: Computer Integrated Systems Design

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 Q3 regulatory filings by fund managers ($100M+ AUM)

111% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 27

63% more call options, than puts

Call options by funds: $17.1M | Put options by funds: $10.5M

14% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 85

11% more funds holding

Funds holding: 249 [Q2] → 276 (+27) [Q3]

9% more capital invested

Capital invested by funds: $5.44B [Q2] → $5.95B (+$511M) [Q3]

0.27% more ownership

Funds ownership: 66.03% [Q2] → 66.31% (+0.27%) [Q3]

13% less funds holding in top 10

Funds holding in top 10: 8 [Q2] → 7 (-1) [Q3]

Research analyst outlook

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

• Low target: $30 1% upside
• Avg. target: $31 4% upside
• High target: $32 7% upside

2 analyst ratings

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

Citigroup Steven Enders 89% 1-year accuracy 24 / 27 met price target	1% upside $30	Neutral Maintained	16 Jan 2025
UBS Seth Gilbert 0 / 0 met price target	7% upside $32	Neutral Initiated	17 Dec 2024