Open Text (NASDAQ:OTEX) Stock Rating Lowered by Raymond James Financial

Posted by George Bondi on Aug 6th, 2026

Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) was downgraded by research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report issued on Thursday, MarketBeat reports.

A number of other equities analysts have also recently weighed in on OTEX. 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. Citigroup dropped their price objective on Open Text from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Scotia reduced their target price on Open Text from $50.00 to $40.00 and set a “sector outperform” rating on the stock in a report on Friday, May 8th. Scotiabank decreased their target price on 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Open Text in a report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.67.

Get Our Latest Report on OTEX

Open Text Trading Up 0.5%

Shares of NASDAQ:OTEX traded up $0.14 during mid-day trading on Thursday, reaching $25.79. The stock had a trading volume of 3,393,083 shares, compared to its average volume of 2,155,314. The firm has a 50 day simple moving average of $22.98 and a two-hundred day simple moving average of $23.64. Open Text has a twelve month low of $19.77 and a twelve month high of $39.90. The firm has a market cap of $6.24 billion, a PE ratio of 12.58 and a beta of 1.03. 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 (NASDAQ:OTEX – Get Free Report) (TSE:OTC) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. Open Text had a net margin of 9.91% and a return on equity of 24.77%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts predict that Open Text will post 4.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Open Text

A number of hedge funds and other institutional investors have recently made changes to their positions in OTEX. Norges Bank acquired a new stake in shares of Open Text in the fourth quarter valued at approximately $106,700,000. First Trust Advisors LP boosted its holdings in Open Text by 27.3% during the fourth quarter. First Trust Advisors LP now owns 11,493,714 shares of the software maker’s stock worth $374,394,000 after purchasing an additional 2,466,264 shares during the last quarter. Morgan Stanley grew its position in Open Text by 76.8% in the fourth quarter. Morgan Stanley now owns 2,884,381 shares of the software maker’s stock valued at $93,973,000 after purchasing an additional 1,253,405 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Open Text by 11.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 10,734,420 shares of the software maker’s stock valued at $349,978,000 after purchasing an additional 1,122,320 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Open Text by 10.9% in the 1st quarter. Royal Bank of Canada now owns 9,843,494 shares of the software maker’s stock valued at $218,920,000 after buying an additional 965,385 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors and hedge funds.

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.