Canadian software company Open Text Corp. (Open Text Stock Quote, Chart, News: TSX:OTEX, NASDAQ:OTEX) isn\u2019t getting the respect it deserves, says portfolio manager Lyle Stein, who claims that the stock which currently sits in the mid-$40 range should be hitting $60. Canada\u2019s largest software company, Waterloo, Ontario-based Open Text made a key acquisition over a year ago, says Stein, of Vestcap Investment Management, which didn\u2019t get enough notice from the markets. \u201cWhen we bought it \u2014they did a big acquisition a year and a half ago and the market was underwhelmed by that\u2014 and now we\u2019re getting to see some of the benefits of that,\u201d says Stein to BNN. \u201cThe run-up from October to the end of the year, you\u2019re able to get a sense of what that acquisition can mean for Open Text. In the meantime, they keep tucking in acquisitions.\u201d According to Bloomberg data, Open Text has acquired at least 13 companies over the past two years. \u201cWe like it because it offers a semblance of value in technology space,\u201d says Stein. \u201cThe share price hasn\u2019t moved much but this could be a $60 stock over the course of a couple of years.\u201d Open Text made news earlier in April when it was singled out by activist hedge fund Blue Harbour Group\u2019s CEO Cliff Robbins, who also claimed that the company is undervalued. \u201cThis is a very high quality business,\u201d said Robbins, whose company owns a 3.5 per cent stake in Open Text. \u201cThis team knows how to do deals and we\u2019re going to help them.\u201d In response, the company\u2019s share price rose five per cent in two days of trading. Earlier in the year, OTEX saw big gains as investors responded to the company\u2019s fiscal second quarter 2018 earnings, which featured a 35 per cent increase in revenues along with a whopping 45 per cent jump in adjusted EBITDA. \u201cYou know, in Canada, we\u2019ve got kind of a breed of these kinds of companies \u2014 Open Text, Constellation Software \u2014 these are good, good companies,\u201d says Stein. \u201cTo us, Open Text is a winner."