Man Group plc Takes Position in Open Text Corporation $OTEX

Posted by Brenda Bartman on Sep 2nd, 2026

Man Group plc bought a new position in Open Text Corporation (NASDAQ:OTEX – Free Report) (TSE:OTC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 99,401 shares of the software maker’s stock, valued at approximately $2,199,000.

Other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Open Text by 2.6% in the second 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 during the period. Byrne Asset Management LLC lifted its stake 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 period. Vident Advisory LLC increased its stake 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 purchasing an additional 555 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Open Text by 39.7% in the 2nd 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OTEX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Open Text in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Open Text from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Citigroup increased their price target on shares of Open Text from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 7th. 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 report on Thursday, August 6th. Finally, UBS Group upped their target price on Open Text from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.46.

View Our Latest Stock Analysis on Open Text

Open Text Trading Down 4.4%

Shares of OTEX stock opened at $23.84 on Wednesday. Open Text Corporation has a fifty-two week low of $19.77 and a fifty-two week high of $39.90. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $5.77 billion, a P/E ratio of 9.24 and a beta of 1.02. The stock has a 50 day simple moving average of $23.80 and a two-hundred day simple moving average of $23.35.

Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Research analysts forecast that Open Text Corporation will post 3.72 earnings per share for the current year.

Open Text Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This is an increase from Open Text’s previous quarterly dividend of $0.28. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.7%. Open Text’s payout ratio is 42.64%.

Open Text Company 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.