Open Text Corporation $OTEX Stock: Crossmark Global Holdings Inc. Lowers Position

Posted by Geri Gentry on Oct 23rd, 2026

Crossmark Global Holdings Inc. trimmed its holdings in shares of Open Text Corporation (NASDAQ:OTEX – Free Report) (TSE:OTC) by 7.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 308,234 shares of the software maker’s stock after selling 25,240 shares during the period. Crossmark Global Holdings Inc.’s holdings in Open Text were worth $6,911,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Net Worth Advisory Group acquired a new position in shares of Open Text in the 3rd quarter valued at about $257,000. Ridgewood Investments LLC lifted its position in shares of Open Text by 1.4% in the third quarter. Ridgewood Investments LLC now owns 67,238 shares of the software maker’s stock worth $1,507,000 after purchasing an additional 936 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Open Text by 8.3% in the second quarter. Sequoia Financial Advisors LLC now owns 17,506 shares of the software maker’s stock worth $388,000 after purchasing an additional 1,337 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Open Text by 797.0% in the second quarter. Tidal Investments LLC now owns 300,997 shares of the software maker’s stock worth $6,667,000 after purchasing an additional 267,440 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in shares of Open Text by 807.5% during the second quarter. Engineers Gate Manager LP now owns 88,032 shares of the software maker’s stock worth $1,950,000 after purchasing an additional 78,332 shares during the period. 70.37% of the stock is owned by hedge funds and other institutional investors.

Open Text Stock Up 4.4%

OTEX opened at $27.94 on Friday. The company has a market capitalization of $6.76 billion, a PE ratio of 6.48 and a beta of 1.01. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.81. Open Text Corporation has a fifty-two week low of $19.77 and a fifty-two week high of $39.81. The business has a 50-day moving average of $23.95 and a 200-day moving average of $23.37.

Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, beating the consensus estimate of $1.02 by $0.21. Open Text had a return on equity of 25.76% and a net margin of 12.26%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Open Text Corporation will post 3.72 EPS for the current fiscal year.

Open Text Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, September 4th. This is a boost from Open Text’s previous quarterly dividend of $0.2750. This represents a $1.12 annualized dividend and a yield of 4.0%. Open Text’s payout ratio is 43.41%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Raymond James Financial downgraded shares of Open Text from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $35.00 to $29.50 in a research report on Thursday, August 6th. UBS Group increased their target price on shares of Open Text from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citigroup lifted their target price on shares of Open Text from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Zacks Research raised shares of Open Text from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Scotiabank lowered their price target on shares of Open Text from $40.00 to $33.00 and set a “sector outperform” rating on the stock in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.95.

View Our Latest Research Report on OTEX

About Open Text

(Free Report)

OpenText Corporation is a Canadian enterprise software company that develops solutions for managing, securing and exchanging business information. Its offerings help organizations organize content, automate business processes, connect with customers and partners, and manage information across cloud, on-premises and hybrid environments.

The company’s portfolio includes enterprise content management, business network and integration services, customer experience tools, cybersecurity and information governance solutions, and software for managing enterprise applications and information technology operations.