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TSE:OTEX
Open Text (OTEX.TO)
29.47
+0.24 (0.82%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
380 watching
Financials 
Technical Analysis 0
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It has 75 000 customers which is only 10% penetration of the software business. It also wants to increase its contact (has 40% right now) with more of the Global 10 000 companies. Its software offering is broader. Is an aquisitor. Would seriously consider buying.
Regarding interest rates, he feels that the effect of rising rates is overblown. Even at 2, 3 or 4% rates are still at historical lows. These rates were normal in the late 1990's (4 1/2%) but the stock market was booming and was at a much higher valuation.
computer softwareprocessing
BUY
Added to their position 7 to 10 days ago. Software companies have been dragged down with tech. Sells to medium and large size businesses globally. Has compounded with 80 acquisitions over the decade. A good combination of growth and value at 12 to13 times earnings.
Brian MaddenOwned
computer softwareprocessing
PARTIAL BUY
Develop and sell enterprise information management software. Price target of $61.75 USD. You could buy some here at $45, and some at 43. Use a stop of $40. Last week, Gartner Research named it as a leader in content services platforms. A quality name, he just doesn't have room for it. (Price targets refer to the NASDAQ listing in USD.)
computer softwareprocessing
HOLD
Believes company multiple is coming down due to interest rate increases.
Owns the stock, but would not rush out to buy more stock.
Norman LevineOwned
computer softwareprocessing
BUY
Although it has not gone up as much as the high flyers, it has not gone down as much these days. Its growth has been by acquisition in the software management space. Very slow growth and there is a slow migration to on-going SAS recurring revenues. He loves their margins, however. It is trading in a fair range here. Unexciting, but a stable company.
computer softwareprocessing
BUY
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company continues to show solid and stable growth. Cash flow is strong and they are able to grow by acquisitions. It will probably not grow as quickly as before and it does have sizable debt. Unlock Premium - Try 5i Free
Stockchase InsightsUnknown
computer softwareprocessing
TOP PICK
Over 95% recurring revenues. Global business and serial acquirer. 14.5% total compound return over 20 years, double the TSX and tech sector. It's boring tech but beautiful. (Analysts’ price target is $73.36)
Brian MaddenOwned
computer softwareprocessing
HOLD
Quality business. 15x 2022 earnings, quite cheap. Trouble is there aren't many catalysts for growth. He's modelling only 3% EPS growth. Better places for new money. If you own it, it will continue to work. So hold it, or sell some covered call options. The stock isn't going to run away.
computer softwareprocessing
BUY
It has been a laggard against other Canadian names. It is good for people who want to get rich slowly. He would be fine to buy it here.
Darren SissonsOwned
computer softwareprocessing
PAST TOP PICK
(A Top Pick May 01/20, Up 11%) They have a global presence; 95% of revenue lies outside Canada, mostly Europe and US. They have a huge of base of 10,000 enterprises. During the pandemic, people worked from home. Also, this is a growth by acquisition story. The current 11% return is inline with historic returns. This compounds and grows by buying business. Boring, but it works. It beats the TSX tech index.
Brian MaddenOwned
computer softwareprocessing
COMMENT
Lots of Canadians seem to pour money into Constellation Software but for him, there is no real strategy. For Open Text there is a taxation issue with the IRS and also they need another acquisition. For an acquisition and control point of view, although CSU has outperformed, he thinks OTEX is the better choice. Has OTEX stocks and would buy at these levels.
Darren SissonsUnknown
computer softwareprocessing
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