Brokerages Set Open Text Corporation (NASDAQ:OTEX) PT at $32.46

Posted by Stanley Muller on Aug 27th, 2026

Open Text Corporation (NASDAQ:OTEX – Get Free Report) (TSE:OTC) has earned an average rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.4583.

A number of brokerages have issued reports on OTEX. Raymond James Financial downgraded Open Text from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $35.00 to $29.50 in a report on Thursday, August 6th. Scotiabank cut their target price on shares of Open Text from $40.00 to $33.00 and set a “sector outperform” rating for the company in a report on Friday, August 7th. Royal Bank Of Canada decreased their target price on shares of Open Text from $30.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, May 8th. Zacks Research lowered shares of Open Text from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Finally, Wall Street Zen downgraded shares of Open Text from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

View Our Latest Stock Report on OTEX

Open Text Stock Down 0.1%

NASDAQ:OTEX opened at $24.33 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $23.47 and its 200-day moving average price is $23.36. Open Text has a 1-year low of $19.77 and a 1-year high of $39.90. The firm has a market capitalization of $5.89 billion, a P/E ratio of 9.43 and a beta of 1.03.

Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) last posted 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 net margin of 12.26% and a return on equity of 25.76%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that Open Text will post 3.72 EPS for the current year.

Open Text Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Open Text’s previous quarterly dividend of $0.28. Open Text’s payout ratio is currently 42.64%.

Institutional Trading of Open Text

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC raised its holdings in shares of Open Text by 2.6% in 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 in the last quarter. WealthCollab LLC grew its stake in shares of Open Text by 39.5% during the second quarter. WealthCollab LLC now owns 1,640 shares of the software maker’s stock worth $48,000 after purchasing an additional 464 shares in the last quarter. Byrne Asset Management LLC increased its holdings in Open Text by 11.5% in the second quarter. Byrne Asset Management LLC now owns 4,837 shares of the software maker’s stock valued at $107,000 after buying an additional 500 shares during the last quarter. Vident Advisory LLC increased its holdings in Open Text by 3.7% in the fourth quarter. Vident Advisory LLC now owns 15,715 shares of the software maker’s stock valued at $512,000 after buying an additional 555 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake 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 valued at $59,000 after buying an additional 570 shares in the last quarter. 70.37% of the stock is 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.