Key Points
- Insider sale: Brian Paul Sweeney sold 8,050 shares on November 12 at an average price of C$49.31 for C$396,945.50, cutting his holding by 39.17% to 12,500 shares valued at C$616,375.
- Quarterly results: Open Text reported C$1.05 EPS on C$1.79 billion revenue (ROE 15.83%, net margin 12.21%), and sell-side analysts forecast roughly C$4.90 EPS for the current fiscal year.
- Stock and valuation: Shares opened at C$45.70 (50‑day SMA C$50.42, 200‑day SMA C$45.62), trade in a 52‑week range of C$32.41–C$56.00, with a market cap of C$11.52 billion and a P/E of about 23.9.
Open Text Co. (TSE:OTEX - Get Free Report) (NASDAQ:OTEX) insider Brian Paul Sweeney sold 8,050 shares of the business's stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of C$49.31, for a total transaction of C$396,945.50. Following the completion of the transaction, the insider directly owned 12,500 shares of the company's stock, valued at C$616,375. This trade represents a 39.17% decrease in their position.
Open Text Price Performance
Shares of OTEX opened at C$45.70 on Friday. The stock has a 50 day simple moving average of C$50.42 and a 200 day simple moving average of C$45.62. Open Text Co. has a 52-week low of C$32.41 and a 52-week high of C$56.00. The company has a debt-to-equity ratio of 157.46, a quick ratio of 1.34 and a current ratio of 0.87. The firm has a market capitalization of C$11.52 billion, a PE ratio of 23.93, a P/E/G ratio of 1.35 and a beta of 0.82.
Open Text (TSE:OTEX - Get Free Report) (NASDAQ:OTEX) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$1.05 earnings per share for the quarter. Open Text had a return on equity of 15.83% and a net margin of 12.21%.The company had revenue of C$1.79 billion during the quarter. Sell-side analysts predict that Open Text Co. will post 4.9036649 EPS for the current fiscal year.
Open Text Company Profile
(
Get Free Report)
Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.
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