Brokerages Set Open Text Corporation (NASDAQ:OTEX) PT at $33.67

Posted by Stanley Muller on Jun 17th, 2026

Open Text Corporation (NASDAQ:OTEX – Get Free Report) (TSE:OTC) has been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $33.6667.

A number of equities analysts have commented on OTEX shares. Barclays boosted their price objective on Open Text from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. National Bank Financial reduced their price target on shares of Open Text from $45.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Open Text from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. UBS Group set a $25.00 price objective on shares of Open Text in a research report on Friday, May 8th. Finally, Scotia dropped their target price on shares of Open Text from $50.00 to $40.00 and set a “sector outperform” rating for the company in a research note on Friday, May 8th.

Read Our Latest Stock Analysis on OTEX

Open Text Price Performance

Shares of Open Text stock opened at $22.08 on Wednesday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 10.75 and a beta of 1.05. The firm’s 50-day moving average price is $22.93 and its two-hundred day moving average price is $26.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.56. Open Text has a 1-year low of $20.00 and a 1-year high of $39.90.

Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) last announced its earnings results on Thursday, May 7th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.94 by $0.07. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. Open Text had a return on equity of 24.77% and a net margin of 9.91%.Open Text’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. On average, equities analysts predict that Open Text will post 4.05 earnings per share for the current fiscal year.

Open Text Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, June 5th. Open Text’s payout ratio is 53.66%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC raised its position in shares of Open Text by 2.6% during the second quarter. Tidal Investments LLC now owns 18,059 shares of the software maker’s stock worth $527,000 after acquiring an additional 460 shares during the last quarter. WealthCollab LLC boosted its holdings in Open Text by 39.5% in the second quarter. WealthCollab LLC now owns 1,640 shares of the software maker’s stock valued at $48,000 after acquiring an additional 464 shares during the last quarter. Vident Advisory LLC increased its position in Open Text by 3.7% in the fourth quarter. Vident Advisory LLC now owns 15,715 shares of the software maker’s stock worth $512,000 after purchasing an additional 555 shares during the period. EverSource Wealth Advisors LLC increased its position in Open Text by 39.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,005 shares of the software maker’s stock worth $59,000 after purchasing an additional 570 shares during the period. Finally, State of Tennessee Department of Treasury raised its holdings in Open Text by 0.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 147,862 shares of the software maker’s stock worth $4,817,000 after purchasing an additional 584 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors.

About Open Text

(Get Free Report)

Open Text Corporation is a Canadian enterprise information management (EIM) software company that develops solutions for organizations seeking to manage, protect and extract insight from their unstructured and structured data. The company’s platform encompasses document management, records management, digital asset management and archiving, enabling companies to govern information across its lifecycle.

Open Text’s product suite includes content services, business process management, customer experience management, analytics and security products.