Open Text Corporation $OTEX Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) by 109.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,717 shares of the software maker’s stock after buying an additional 57,432 shares during the quarter. Quantinno Capital Management LP’s holdings in Open Text were worth $2,440,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC bought a new position in shares of Open Text in the third quarter worth $33,000. WealthCollab LLC lifted its holdings in Open Text by 39.5% in 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. Caitong International Asset Management Co. Ltd lifted its holdings in Open Text by 5,096.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,611 shares of the software maker’s stock worth $52,000 after purchasing an additional 1,580 shares during the period. Osaic Holdings Inc. grew its position in Open Text by 108.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,798 shares of the software maker’s stock valued at $52,000 after buying an additional 937 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased 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 buying an additional 570 shares during the period. 70.37% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Open Text

Here are the key news stories impacting Open Text this week:

• Positive Sentiment: Fiscal Q4 EPS of $1.23 exceeded the $1.02 consensus estimate, while revenue of $1.33 billion topped expectations of $1.29 billion. Revenue increased 2.9% year over year, cloud revenue rose 6.0% to $503 million, and adjusted EBITDA increased 26.8%. OpenText Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Scotia maintained a “sector outperform” rating and sees substantial potential upside, although it reduced its price target to $33 from $40. Citigroup also raised its target to $28 from $25, implying more modest upside, while retaining a “neutral” rating. Analyst Ratings
• Positive Sentiment: OpenText announced a quarterly dividend of $0.28 per share, representing an approximately 4.4% annualized yield. The dividend may support the stock’s appeal to income-focused investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Open Text from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Open Text in a research note on Wednesday, June 24th. National Bank Financial dropped their target price on Open Text from $45.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Barclays increased their price target 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. Finally, Scotia lowered their price target on Open Text from $40.00 to $33.00 and set a “sector outperform” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Open Text has a consensus rating of “Hold” and an average price target of $32.46.

Open Text Price Performance

NASDAQ OTEX opened at $24.94 on Monday. The stock has a market capitalization of $6.04 billion, a P/E ratio of 9.67 and a beta of 1.03. Open Text Corporation has a 1 year low of $19.77 and a 1 year high of $39.90. The business’s fifty day moving average is $23.05 and its two-hundred day moving average is $23.57. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.81 and a current ratio of 0.81.

Open Text (NASDAQ:OTEX) (TSE:OTC) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.21. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Open Text had a return on equity of 25.76% and a net margin of 12.26%.The company’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. On average, research analysts forecast that Open Text Corporation will post 4.32 earnings per share for the current fiscal year.

Open Text Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, September 4th. This is a boost from Open Text’s previous quarterly dividend of $0.28. Open Text’s dividend payout ratio is presently 43.41%.

Open Text Company Profile

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.