Open Text Corporation $OTEX Stock: New South Capital Management Inc. Trims Holdings

Posted by Stanley Muller on Nov 12th, 2026

New South Capital Management Inc. reduced its position in Open Text Corporation (NASDAQ:OTEX – Free Report) (TSE:OTC) by 24.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,526,356 shares of the software maker’s stock after selling 501,668 shares during the quarter. Open Text comprises about 2.3% of New South Capital Management Inc.’s portfolio, making the stock its 14th largest holding. New South Capital Management Inc.’s holdings in Open Text were worth $34,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of Open Text in the third quarter worth about $306,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Open Text in the 3rd quarter valued at approximately $2,725,000. Vise Technologies Inc. boosted its position in Open Text by 11.6% in the third quarter. Vise Technologies Inc. now owns 10,229 shares of the software maker’s stock valued at $229,000 after buying an additional 1,062 shares in the last quarter. Access Investment Management LLC grew its stake in shares of Open Text by 43.7% during the third quarter. Access Investment Management LLC now owns 287,631 shares of the software maker’s stock worth $6,449,000 after buying an additional 87,535 shares during the last quarter. Finally, Signaturefd LLC grew its position in Open Text by 8.2% during the 3rd quarter. Signaturefd LLC now owns 7,796 shares of the software maker’s stock worth $175,000 after acquiring an additional 593 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors.

Open Text Trading Up 1.6%

NASDAQ:OTEX opened at $24.96 on Thursday. Open Text Corporation has a 52 week low of $19.77 and a 52 week high of $35.26. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s fifty day moving average is $24.45 and its 200-day moving average is $23.78. The firm has a market cap of $6.03 billion, a P/E ratio of 5.95 and a beta of 0.98.

Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) last released its earnings results on Thursday, November 5th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. Open Text had a net margin of 12.54% and a return on equity of 25.23%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $1.05 EPS. Open Text’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts expect that Open Text Corporation will post 3.72 earnings per share for the current year.

Open Text Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, December 4th. Open Text’s payout ratio is presently 42.42%.

Wall Street Analyst Weigh In

OTEX has been the subject of several recent research reports. Citigroup upped their price objective on Open Text from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Scotiabank cut their target price on shares of Open Text from $40.00 to $33.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Open Text from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 14th. Zacks Research upgraded shares of Open Text from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Raymond James Financial downgraded shares of Open Text from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $35.00 to $29.50 in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Open Text presently has a consensus rating of “Hold” and an average price target of $30.72.

View Our Latest Stock Report on OTEX

About Open Text

(Free Report)

OpenText (NASDAQ: OTEX) develops software that helps organizations manage, secure and use business information. Its offerings include tools for content management, process automation, business-to-business data exchange, analytics, artificial intelligence and cybersecurity, delivered through cloud-based and on-premises products. Founded in 1991 and headquartered in Waterloo, Ontario, OpenText serves businesses and public-sector organizations around the world. The company’s history includes major acquisitions, including its 2023 acquisition of Micro Focus, which broadened its enterprise software portfolio.