Open Text (NASDAQ:OTEX) Price Target Raised to $27.00 at UBS Group

Open Text (NASDAQ:OTEX) (TSE:OTC) had its price target boosted by equities research analysts at UBS Group from $25.00 to $27.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. UBS Group’s price target would suggest a potential upside of 8.26% from the company’s previous close.

Several other analysts also recently commented on OTEX. Royal Bank Of Canada reduced their price target on shares of Open Text from $30.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, May 8th. Citigroup lifted their price objective on shares of Open Text from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Open Text in a report on Wednesday, June 24th. National Bank Financial decreased their target price on shares of Open Text from $45.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Finally, Raymond James Financial lowered Open Text from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $35.00 to $29.50 in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.46.

Open Text Stock Performance

NASDAQ:OTEX traded down $0.72 during mid-day trading on Friday, reaching $24.94. 3,148,540 shares of the stock were exchanged, compared to its average volume of 2,170,946. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.56. Open Text has a 1 year low of $19.77 and a 1 year high of $39.90. The company has a 50 day simple moving average of $23.05 and a 200-day simple moving average of $23.61. The stock has a market capitalization of $6.04 billion, a P/E ratio of 12.17 and a beta of 1.03.

Open Text (NASDAQ:OTEX) (TSE:OTC) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.21. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Open Text had a return on equity of 24.77% and a net margin of 9.91%.The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. Analysts anticipate that Open Text will post 4.05 earnings per share for the current fiscal year.

Institutional Trading of Open Text

Hedge funds have recently made changes to their positions in the company. FIL Ltd boosted its holdings in shares of Open Text by 5.7% in the fourth quarter. FIL Ltd now owns 12,155,000 shares of the software maker’s stock valued at $395,853,000 after acquiring an additional 655,000 shares in the last quarter. First Trust Advisors LP raised its holdings in Open Text by 27.3% during the fourth quarter. First Trust Advisors LP now owns 11,493,714 shares of the software maker’s stock worth $374,394,000 after purchasing an additional 2,466,264 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Open Text by 11.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 10,734,420 shares of the software maker’s stock worth $349,978,000 after purchasing an additional 1,122,320 shares in the last quarter. Royal Bank of Canada lifted its position in Open Text by 10.9% in the first quarter. Royal Bank of Canada now owns 9,843,494 shares of the software maker’s stock valued at $218,920,000 after purchasing an additional 965,385 shares during the period. Finally, Brandes Investment Partners LP lifted its position in Open Text by 1.2% in the fourth quarter. Brandes Investment Partners LP now owns 9,106,157 shares of the software maker’s stock valued at $296,679,000 after purchasing an additional 106,766 shares during the period. Institutional investors and hedge funds own 70.37% of the company’s stock.

Open Text News Roundup

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.

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.