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Open Text Corporation (OTEX)

Technology | Software - Application | Waterloo, Canada | NasdaqGS
24.95 USD +0.77 (3.184%) ⇧ (Oct. 13, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 4:08 a.m. EDT

Open Text presents a compelling value trap scenario that is currently resolving into a solid income play. The stock is trading at a discount to book value with a forward P/E under 6x, yet the balance sheet remains fragile with debt nearly six times equity. This structural weakness prevents a '5-star' buy-and-hold rating despite the attractive valuation metrics. The dividend is the standout feature here. With a 4.84% yield and a payout ratio of just 43%, the company is generating ample free cash flow to sustain and grow the payout, making it a reliable income vehicle. The recent dividend hikes confirm management's commitment to returning capital. Technically, the stock has stabilized after a brutal multi-year decline, with recent price action showing a bottoming pattern near the 200-day average. While the statistical forecast model shows no directional bias (neutral signal), the options market is telling a different story: traders are buying protection at lower levels while betting on a rebound to the $30 level. This divergence suggests the worst of the decline may be over, but a full recovery to historical highs requires a turnaround in the broader software sector sentiment. For now, this is a hold for income with a slight upside lean, not a high-conviction momentum play.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.115423
AutoARIMA0.115426
MSTL0.120350
AutoTheta0.120893

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 49%
H-stat 0.25
Ljung-Box p 0.000
Jarque-Bera p 0.533
Excess Kurtosis -0.82
Attribute Value
Sector Technology
Ex Dividend Date 2026-09-03
Last Dividend Date 2026-09-03
Debt to Equity Ratio 148.724
Revenue per Share 21.068
Market Cap 6,041,062,400
Trailing P/E 9.67
Forward P/E 5.79
Beta 1.02
Profit Margins 12.26%
Website https://www.opentext.com

As of Oct. 10, 2026, 4:08 a.m. EDT: Speculators are positioning for a range-bound recovery rather than a breakout. Call open interest is heavily skewed toward out-of-the-money strikes (27.5 and 30.0) for the December expiration, suggesting bets on a move back toward the $30 zone. However, put open interest is significantly higher at the 20.0 strike for the same timeframe, indicating a strong floor or 'insurance' placement against further downside. The imbalance favors a bounce from current lows, but the heavy put wall suggests volatility will likely remain contained within a $20-$30 band.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.17% 4.25% 3.61% 3.18%
Dividend History
Date Dividend Yield %
2026-09-04 0.2800 1.169102
2026-06-05 0.2750 1.189446
2026-03-06 0.2750 1.075900
2025-12-05 0.2750 0.820406
2025-09-05 0.2750 0.827565
2025-06-06 0.2630 0.942990
2025-03-07 0.2630 0.998861
2024-11-29 0.2630 0.864279
2024-08-30 0.2630 0.826524
2024-05-31 0.2500 0.854701
2024-02-29 0.2500 0.649519
2023-11-30 0.2500 0.622820
2023-08-31 0.2500 0.620964
2023-06-01 0.2430 0.583714
2023-03-02 0.2430 0.709075
2022-12-01 0.2430 0.827657
2022-09-01 0.2430 0.802245
2022-06-02 0.2210 0.535498
2022-03-03 0.2210 0.511693
2021-12-02 0.2210 0.468717
2021-09-02 0.2210 0.402257
2021-06-03 0.2010 0.421914
2021-03-04 0.2010 0.451584
2020-12-03 0.2010 0.445183
2020-09-03 0.1750 0.392377
2020-05-28 0.1750 0.427978
2020-02-27 0.1750 0.418360
2019-11-29 0.1750 0.401560
2019-11-27 0.1750 0.398542
2019-08-29 0.1750 0.450450
2019-05-30 0.1750 0.440141
2019-02-28 0.1520 0.400844
2018-11-29 0.1520 0.447059
2018-08-30 0.1520 0.382582
2018-06-07 0.1520 0.429257
2018-03-01 0.1320 0.380623
2017-11-30 0.1320 0.404784
2017-08-30 0.1320 0.417722
2017-05-24 0.1320 0.407156
2017-03-01 0.1150 0.346699
2016-11-30 0.1150 0.361863
2016-08-24 0.1150 0.370848
2016-05-25 0.1150 0.397374
2016-03-08 0.1000 0.407415
2015-11-25 0.1000 0.415628
2015-08-26 0.1000 0.449438
2015-05-27 0.1000 0.471365
2015-02-24 0.0865 0.297098
2014-11-19 0.0865 0.297098
2014-08-27 0.0865 0.305168
2014-05-21 0.0865 0.365519
2014-02-21 0.0750 0.290867
2013-11-26 0.0750 0.350590
2013-08-28 0.0750 0.436046
2013-05-29 0.0750 0.440852
Additional Data
dividendYield 4.49
exDividendDate 2026-09-04
trailingAnnualDividendRate 1.1
trailingAnnualDividendYield 0.045492142
lastDividendValue 0.28
lastDividendDate 2026-09-04
dividendDate 2026-09-18

Info Dump

Attribute Value
52 Week Change -0.38237548
Address1 275 Frank Tompa Drive
All Time High 55.25
All Time Low 0.515625
Ask 31.28
Ask Size 2
Audit Risk 1
Average Analyst Rating 2.8 - Hold
Average Daily Volume10 Day 1,191,440
Average Daily Volume3 Month 1,463,966
Average Volume 1,463,966
Average Volume10Days 1,191,440
Beta 1.017
Bid 18.18
Bid Size 2
Board Risk 9
Book Value 16.91
City Waterloo
Compensation As Of Epoch Date 1,798,675,200
Compensation Risk 7
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 24.95
Current Ratio 0.807
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 25.34
Day Low 24.15
Debt To Equity 148.724
Display Name Open Text
Dividend Date 1,789,689,600
Dividend Yield 4.49
Earnings Call Timestamp End 1,793,908,800
Earnings Call Timestamp Start 1,793,908,800
Earnings Growth 4.761
Earnings Quarterly Growth 4.399
Earnings Timestamp 1,793,881,800
Earnings Timestamp End 1,793,881,800
Earnings Timestamp Start 1,793,881,800
Ebitda 1,633,592,960
Ebitda Margins 0.31137
Enterprise To Ebitda 6.695
Enterprise To Revenue 2.085
Enterprise Value 10,936,495,104
Eps Current Year 3.90736
Eps Forward 4.30942
Eps Trailing Twelve Months 2.58
Esg Populated 0
Ex Dividend Date 1,788,480,000
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 519-888-0677
Fifty Day Average 23.8312
Fifty Day Average Change 1.1188011
Fifty Day Average Change Percent 0.046946906
Fifty Two Week Change Percent -38.23755
Fifty Two Week High 39.9
Fifty Two Week High Change -14.950001
Fifty Two Week High Change Percent -0.37468672
Fifty Two Week Low 19.78
Fifty Two Week Low Change 5.17
Fifty Two Week Low Change Percent 0.26137513
Fifty Two Week Range 19.78 - 39.9
Financial Currency USD
First Trade Date Milliseconds 822,493,800,000
Five Year Avg Dividend Yield 2.87
Float Shares 232,127,110
Forward Eps 4.30942
Forward P E 5.7896423
Free Cashflow 1,362,596,608
Full Exchange Name NasdaqGS
Full Time Employees 19,900
Fullday Change 0.77000046
Fullday Change Percent 3.1844518
Fullday Price 24.95
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.77064
Gross Profits 4,043,069,952
Has Pre Post Market Data 1
Held Percent Insiders 0.02023
Held Percent Institutions 0.99214
Implied Shares Outstanding 242,126,739
Industry Software - Application
Industry Disp Software - Application
Industry Key software-application
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,788,480,000
Last Dividend Value 0.28
Last Fiscal Year End 1,782,777,600
Last Split Date 1,485,302,400
Last Split Factor 2:1
Long Business Summary Open Text Corporation provides data management solutions for enterprise AI in North, Central and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China. Its products and solutions help organizations collect, connect, contextualize, protect, govern, use, and secure data across their operations. The company offers cloud services and subscriptions, including software as a service offerings, application programming interfaces and data services, and private cloud products, such as hosted services and managed service arrangements; foundational platform of technology services; and packaged business applications, as well as managed services and outsourced B2B integration solutions, including program implementation, operational management, and customer support. It also engages in licensing software products to customers; and consulting and learning services, such as implementation, training, and integration of licensed product offerings into the customer's systems. In addition, the company offers content, business network, observability and service management, cybersecurity, application delivery management, and analytics. It has partnerships with SAP SE, Google Cloud, Amazon Web Services, Microsoft Corporation, Oracle Corporation, and SALESFORCE, INC., as well as global systems integrators, including Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises, and Tata Consultancy Services. The company serves global 10,000 organizations, enterprise companies, public sector agencies, mid-market companies, SMBS, and direct consumers. The company has a strategic partnership with Cohere to develops and provides agentic AI to governments and regulated industries. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.
Long Name Open Text Corporation
Market us_market
Market Cap 6,041,062,400
Market State PRE
Max Age 86,400
Message Board Id finmb_108839
Most Recent Quarter 1,782,777,600
Net Income To Common 643,022,016
Next Fiscal Year End 1,814,313,600
Non Diluted Market Cap 5,600,884,965
Number Of Analyst Opinions 11
Open 24.33
Operating Cashflow 1,006,817,024
Operating Margins 0.24063
Overall Risk 7
Payout Ratio 0.4264
Peg Ratio 1.02
Phone 519-888-7111
Previous Close 24.18
Price Eps Current Year 6.3853855
Price Hint 2
Price To Book 1.4754584
Price To Sales Trailing12 Months 1.1514679
Profit Margins 0.122559994
Quick Ratio 0.719
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.83333
Region US
Regular Market Change 0.77
Regular Market Change Percent 3.18445
Regular Market Day High 25.34
Regular Market Day Low 24.15
Regular Market Day Range 24.15 - 25.34
Regular Market Open 24.33
Regular Market Previous Close 24.18
Regular Market Price 24.95
Regular Market Time 1,791,921,600
Regular Market Volume 1,820,095
Return On Assets 0.05585
Return On Equity 0.1619
Revenue Growth 0.029
Revenue Per Share 21.068
Sand P52 Week Change 0.17502642
Sector Technology
Sector Disp Technology
Sector Key technology
Share Holder Rights Risk 3
Shares Outstanding 242,126,739
Shares Percent Shares Out 0.038
Shares Short 9,210,242
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 16,839,214
Short Name Open Text Corporation
Short Percent Of Float 0.0433
Short Ratio 7.42
Source Interval 15
State ON
Symbol OTEX
Target High Price 33.0
Target Low Price 25.0
Target Mean Price 27.95455
Target Median Price 27.0
Total Cash 960,848,000
Total Cash Per Share 4.048
Total Debt 5,972,862,976
Total Revenue 5,246,401,024
Tradeable 0
Trailing Annual Dividend Rate 1.1
Trailing Annual Dividend Yield 0.045492142
Trailing Eps 2.58
Trailing P E 9.670544
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 24.3027
Two Hundred Day Average Change 0.6473007
Two Hundred Day Average Change Percent 0.02663493
Type Disp Equity
Volume 1,820,095
Website https://www.opentext.com
Zip N2L 0A1