Tech shares haven’t been doing so nicely over the past yr. After climbing to all-time highs in lots of instances, these have been adopted by collapses in share worth. But within the final three months, Open Textual content (TSX:OTEX) and Nuvei (TSX:NVEI) have each climbed by over 20%.

So, what’s happening with each of those tech shares, and which is the higher purchase on the TSX right this moment?

Open Textual content inventory

Open Textual content inventory stays a powerful alternative for long-term holders. I say this, as a result of it’s been round for many years already, rising considerably in that point. And never simply when it comes to share worth.

Open Textual content reported its earnings final month, which noticed the eight consecutive quarter of natural cloud development. Since then, it’s additionally had two different constructive bulletins. The corporate got here out with its Cloud Editions 23.1 launch, and introduced a partnership with Bayer.

That is on prime of the various different family names the corporate has partnered with in the previous couple of years. Clearly, Open Textual content inventory has found what it may do finest. That’s each cloud storage in addition to cybersecurity.

But shares are nonetheless down by 8% within the final yr, regardless of climbing 27% within the final three months on the TSX right this moment. So, Open Textual content inventory actually seems like a powerful possibility, and buyers get the addition of a pleasant little 2.77% dividend yield.

Nuvei inventory

There’s additionally Nuvei inventory to think about, with the tech inventory additionally seeing a climb within the final whereas. The cost options supplier additionally has had a number of sturdy bulletins that has buyers questioning if maybe they need to buy the favored inventory as soon as extra.

Nuvei inventory introduced a number of partnerships over the previous couple of months of corporations selecting the cost options supplier for his or her operations. Nevertheless, the corporate hit its stride after saying it will purchase Paya for $1.3 billion. It additionally just lately introduced enlargement into Australia.

There are clearly some thrilling issues occurring with Nuvei inventory. But even with shares climbing 21.4% within the final three months, these shares stay down by 24% within the final yr. It’s to not say that Nuvei inventory doesn’t have a powerful future forward, however at this charge it does look extra unstable than Open Textual content inventory.

Silly takeaway

On this case, I must go along with Open Textual content inventory for a stable long-term maintain that you could depend on. The corporate has partnerships with some fairly main corporations, whereas Nuvei inventory continues to be making its approach from the bottom up. Whereas it may be the extra thrilling alternative, it’s maybe not as steady.

Actually, analysts proceed to peg Open Textual content inventory as a low-risk firm. This comes from many years of development behind it and many years extra to come back. It’s confirmed again and again that it may develop its enterprise and discover new and rising options for income. In that case, I will surely think about Open Textual content inventory not only a purchase on this surroundings but additionally as a long-term maintain — at the same time as shares proceed to climb increased on the TSX right this moment.