OPEN TEXT CORP
boothcheck covers OPEN TEXT CORP (OTEX) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
- Software usually trades on growth, but OpenText is priced like a value stock. At $20.69 the market pays only about 10x company-wide operating income, a level so low it sits below what even a 5%-a-year decline in operating profit would warrant. The valuation is asking the business to shrink. - Nearly every method agrees the stock is cheap. DCF Perpetual Growth lands at $43, Earnings Power Value at $34, the Graham Number at $27, and Two-Stage Excess Return at $26, all above the price. The asset,
Is OTEX overvalued? See what's priced in →
275 institutional managers reported holding OTEX in 13F filings for the quarter ended 2026-03-31. Together they hold about 76% of the company; the top 10 hold 46%. 36 opened new positions that quarter. Held by Vanguard Group, Dimensional Fund Advisors, Morgan Stanley, among others. On the short side, 10.6M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OTEX has cut its share count 8.9% over the past five years, spending $1.17B on repurchases. It pays a dividend, and has for 13 years running, raised 12 years straight; the current rate is $1.05 a share annually. Cash returned over the past three years: $741.85M in dividends and $967.85M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at OTEX over the trailing three years. Absence is a fact about the company, not a signal.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
OTEX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -9.9% | -4.0% |
| 2023-11-03 | +8.4% | +10.6% |
| 2024-02-02 | -1.2% | -12.7% |
| 2024-05-03 | -14.4% | +2.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
OTEX's latest 8-K filings: 2026-08-06 (items 2.02, 8.01, 9.01); 2026-07-17 (items 5.02, 8.01, 9.01); 2026-05-11 (items 8.01, 9.01); 2026-05-07 (items 2.02, 8.01, 9.01); 2026-04-20 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.