Legal & General Group Plc Acquires 29,001 Shares of Open Text Corporation $OTEX

Posted by Brian Himes on May 30th, 2026

Legal & General Group Plc boosted its holdings in shares of Open Text Corporation (NASDAQ:OTEX – Free Report) (TSE:OTC) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,239,803 shares of the software maker’s stock after purchasing an additional 29,001 shares during the quarter. Legal & General Group Plc owned about 0.89% of Open Text worth $73,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tidal Investments LLC raised its stake in Open Text by 2.6% during the 2nd quarter. Tidal Investments LLC now owns 18,059 shares of the software maker’s stock valued at $527,000 after purchasing an additional 460 shares during the period. WealthCollab LLC raised its stake in Open Text by 39.5% during the 2nd quarter. WealthCollab LLC now owns 1,640 shares of the software maker’s stock valued at $48,000 after purchasing an additional 464 shares during the period. EverSource Wealth Advisors LLC raised its stake in Open Text by 39.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,005 shares of the software maker’s stock valued at $59,000 after purchasing an additional 570 shares during the period. Access Investment Management LLC raised its stake in Open Text by 0.3% during the 3rd quarter. Access Investment Management LLC now owns 199,835 shares of the software maker’s stock valued at $7,470,000 after purchasing an additional 590 shares during the period. Finally, Lazard Asset Management LLC raised its stake in Open Text by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 66,512 shares of the software maker’s stock valued at $1,942,000 after purchasing an additional 655 shares during the period. Institutional investors own 70.37% of the company’s stock.

Wall Street Analysts Forecast Growth

OTEX has been the topic of several recent analyst reports. Raymond James Financial decreased their target price on Open Text from $42.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Barclays lifted their target price on Open Text from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Citigroup decreased their target price 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. TD Securities raised Open Text to a “hold” rating in a research note on Monday, February 2nd. Finally, UBS Group set a $25.00 price target on Open Text in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.67.

Check Out Our Latest Stock Report on Open Text

Open Text Stock Performance

NASDAQ OTEX opened at $23.84 on Friday. The stock has a market capitalization of $5.79 billion, a PE ratio of 11.63 and a beta of 1.04. The business has a 50 day simple moving average of $22.78 and a two-hundred day simple moving average of $27.16. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.94 and a quick ratio of 0.94. Open Text Corporation 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 released its quarterly earnings results on Thursday, May 7th. The software maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Open Text had a return on equity of 24.77% and a net margin of 9.91%.The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, research analysts predict that Open Text Corporation will post 4.05 EPS for the current fiscal year.

Open Text Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, June 5th. Open Text’s dividend payout ratio (DPR) is currently 53.66%.

Open Text Profile

(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.