Core Insights - OpenText Corporation has reached a definitive agreement to divest Vertica, a non-core part of its Analytics portfolio, to Rocket Software for US$150 million in cash [1][2] - The divestiture aligns with OpenText's strategic plan to focus on core product offerings and secure data solutions for Enterprise AI, aiming to strengthen its portfolio and enhance long-term growth and shareholder value [2][3] - Vertica contributed approximately US$80 million in annual revenue for OpenText in the fiscal year ending June 30, 2025, and the proceeds from the sale will be used to reduce outstanding debt [2] Transaction Details - The transaction involves the transfer of software, customer contracts, associated services, and employees to Rocket Software, with an expected closing during fiscal year 2026, pending customary approvals [3] - Goldman Sachs & Co. LLC is serving as the financial advisor for OpenText in this transaction [4]

Core Insights - The article discusses the best non-REIT dividend stocks to invest in, highlighting the importance of dividends across various sectors beyond real estate investment trusts (REITs) [1][3] Dividend Market Overview - REITs have shown resilience in 2025, with aggregate funds from operations rising by 6.2%, net operating income increasing by 4.7%, and total dividends paid climbing by 6.3% compared to the same period in 2024, indicating strong fundamentals and disciplined capital access [2] - There is a significant demand for dividend-paying stocks, with over $1 trillion in funds and ETFs globally focusing on dividends, reflecting investors' desire for consistent and reliable income streams [3] Methodology for Stock Selection - The article identifies dividend-paying stocks outside of REITs with a yield above 3% as of January 31, and selects those with the highest number of hedge fund investors at the end of Q3 2025 [6] Company Highlights - **Open Text Corporation (NASDAQ:OTEX)**: - Dividend yield of 4.31% with 14 hedge fund holders; focuses on software for information management, heavily reliant on recurring revenue [9] - Analyst Stephanie Price from CIBC cut the price target to $37 from $40, maintaining a Neutral rating due to weaker-than-expected Q2 guidance [10] - The company plans to divest non-core business units, potentially reducing revenue by up to 20% to focus on AI-related content [12] - **NorthWestern Energy Group, Inc. (NASDAQ:NWE)**: - Dividend yield of 3.89% with 24 hedge fund holders; operates as a regulated utility providing electricity and natural gas [13] - Barclays raised its price target to $62 from $61, maintaining an Overweight rating following a solid Q3 performance with GAAP earnings of $0.62 per share [14][15] - The company is pursuing a strategic all-stock merger with Black Hills Corporation, expected to enhance its market presence [16]

Financial Results Announcement - OpenText Corporation will release its financial results for the second quarter of fiscal year 2026 on February 5, 2026, at approximately 4:00 p.m. ET [1] Conference Call Details - A conference call webcast will be hosted on February 5, 2026, at 5:00 p.m. ET by key executives including Tom Jenkins, James McGourlay, and Steve Rai [2] - The webcast will be accessible via the OpenText Investor Relations website and is expected to last 60 minutes [2] Company Overview - OpenText is a global leader in secure information management for AI, focusing on helping organizations protect, govern, and activate their data [3] - The company's technologies are designed to transform data into contextual information, forming a knowledge base for AI applications [3]

Group 1 - The core viewpoint of the article highlights the significant stock price increase of MaiFus (2556.HK), which rose over 13% to reach HKD 33.3, resulting in a total market capitalization of HKD 8.6 billion [1] - MaiFus successfully held its ecological conference, where it launched the AI-Agentforce intelligent platform version 3.0, showcasing its advancements in AI technology [1] - The company announced strategic partnerships with major tech giants including Baidu, Alibaba Cloud, Muxi, OpenText, Beilian Guoxin, and Ant Group's Ocean Base, aiming to create a new ecosystem for AI agents by integrating computing power infrastructure, data flow, and intelligent applications [1]

Core Insights - The leading AI application company, MaiFushi (2556.HK), experienced a significant stock surge, rising over 13% to a current price of 33.3 HKD, with a total market capitalization of 8.6 billion HKD [1] Group 1: Company Developments - MaiFushi successfully held its ecological conference, where it officially launched the self-developed AI-Agentforce intelligent platform version 3.0 [1] - The company announced deep strategic partnerships with major tech giants including Baidu Group, Alibaba Cloud, Muxi Co., OpenText, Beilian Guoxin, and Ant Group's Ocean Base [1] - The aim of these collaborations is to integrate the entire industry chain from "computing power infrastructure - data element circulation - intelligent application" to build a self-controllable new ecosystem for AI agents [1]

Group 1 - The core viewpoint of the news is the successful convening of the MaiFushi Ecological Conference, where strategic partnerships were established with leading technology companies to enhance AI capabilities and digital economy support [1][2] Group 2 - MaiFushi has formed deep strategic collaborations with companies such as Baidu, Alibaba Cloud, and OceanBase, focusing on integrating cloud infrastructure, AI models, and domestic intelligent computing chips to create a secure AI computing foundation [1] - The collaboration aims to enhance the scale of AI applications across various sectors, including finance, government, and commercial aerospace, by addressing application bottlenecks and promoting the transition from technology validation to large-scale industrial empowerment [1][2] - The signing of agreements is expected to drive deep integration and complementary advantages within the AI industry chain, fostering a collaborative innovation model that combines foundational computing support, data flow, and intelligent applications [2]

Core Points - The Annual Meeting of Shareholders for Open Text Corporation is being held virtually to enhance participation from shareholders who may not be able to attend in person [4] - The meeting includes members of the Board of Directors, management, and external auditors, indicating a comprehensive representation of the company's governance [3] - The meeting format allows for coordination among speakers located in different places and provides opportunities for online voting and questions from shareholders [4] Company Overview - Open Text Corporation is focused on engaging with its shareholders and addressing their inquiries during the annual meeting [3] - The virtual format of the meeting is a continuation of practices from previous years, aiming to facilitate broader shareholder involvement [4]

Core Point - The CGT labor union at LVMH's Moet & Chandon and Veuve Clicquot champagne units is urging staff to participate in protests to demand year-end bonuses from management [1] Group 1 - The protests are scheduled for Thursday, indicating a specific timeline for the labor action [1] - The call for protests highlights employee dissatisfaction regarding compensation, particularly year-end bonuses [1]

Summary of SPS Commerce FY Conference Call Company Overview - **Company**: SPS Commerce (NasdaqGS:SPSC) - **Industry**: Supply Chain Software - **Core Offering**: Operates the world's largest retail network in the cloud, connecting retailers with merchandise suppliers for efficient information exchange regarding orders, items, inventory, and shipments [3][4][5] Key Points and Arguments Business Model and Customer Engagement - SPS Commerce partners with retailers to digitize connections with suppliers, providing a service that ensures 100% digital supply chain connections [3][5] - The company has a dedicated retail team primarily focused on the U.S. market, with plans to expand into Europe [6] Market Dynamics and Growth - The pandemic accelerated omnichannel initiatives among retailers, leading to increased IT investments and record customer counts during that period [14][15] - In 2024, customer counts stabilized, but there was a decline compared to the previous year, with a resurgence noted in 2025 [15][16] - The company is experiencing cost scrutiny from suppliers due to increased tariff costs, impacting supplier-side dynamics [16][17] Pricing Model and Customer Contracts - SPS Commerce offers flexible month-to-month contracts, which, while easy to buy, make customers susceptible to downsell during economic scrutiny [17][18] - The pricing model is based on the number of trading partner connections and supply chain documents sent, with a noted impact from lower volume trading connections [18] Growth Strategy - The growth algorithm focuses on Average Revenue Per User (ARPU) growth, leveraging existing customer relationships to expand trading partner connections [22][23] - A new network-led growth strategy aims to identify upsell opportunities within the existing customer base [24][25] M&A Activity - Recent acquisitions include SupplyPike and Carbon6, aimed at enhancing revenue recovery capabilities for suppliers facing chargebacks from retailers [29][30] - The acquisition of Traverse Systems allows SPS to offer scorecarding capabilities to retailers, enhancing discussions around supply chain performance [31][32] Total Addressable Market (TAM) - The refreshed TAM is estimated at $11 billion globally, with only 25% currently penetrated by SPS Commerce [34] - The majority of the unpenetrated market consists of undigitized connections, with some using DIY models from larger technology providers [34][35] Competitive Landscape - SPS Commerce faces competition primarily from DIY solutions for larger companies and smaller providers for niche markets [36][37] - The company wins most of the time due to its compelling technology and broad network, although price sensitivity remains a challenge in the small customer segment [36][37] Investor Insights - The long-term opportunity within the TAM and the scale of the SPS network are often underappreciated by investors [38] Additional Important Content - The company is well-positioned to adapt to shifts in global supply sources, although current market conditions are causing hesitation among customers regarding changes in supply chains [18][20][21] - The discussion around the impact of APIs versus EDI on the business indicates that SPS Commerce views API connections as an opportunity rather than a threat, as they can provide more complex and valuable integrations [10][12] This summary encapsulates the key insights from the SPS Commerce FY Conference Call, highlighting the company's strategic positioning, market dynamics, and growth opportunities within the supply chain software industry.

Financial Data and Key Metrics Changes - The company presented its audited, consolidated financial statements for the year 2025, which were delivered to shareholders in advance of the meeting [11] - The voting results for the election of directors and other business items will be disclosed in a report filed on SEDAR promptly following the meeting [41] Business Line Data and Key Metrics Changes - No specific data on business line performance or key metrics was provided during the meeting [43] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [43] Company Strategy and Development Direction - The board believes that the continuation, amendment, and restatement of the company's Shareholder Rights Plan is in the best interest of the company [25] - The company is committed to maintaining a virtual format for meetings to enhance shareholder participation [2] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [43] Other Important Information - The meeting was conducted virtually to allow greater participation from shareholders [2] - The company confirmed that a quorum of shareholders was present for the meeting [9] Q&A Session Summary - No questions were received during the Q&A session that had not already been addressed [43]