Open Text (OTEX) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Open Text (NASDAQ: OTEX):

• 2/9/2025 – Open Text had its price target lowered by analysts at TD Securities from $38.00 to $35.00. They now have a “buy” rating on the stock.
• 2/7/2025 – Open Text had its price target lowered by analysts at Royal Bank of Canada from $33.00 to $31.00. They now have a “sector perform” rating on the stock.
• 2/7/2025 – Open Text had its price target raised by analysts at Citigroup Inc. from $30.00 to $32.00. They now have a “neutral” rating on the stock.
• 2/7/2025 – Open Text had its price target raised by analysts at Barclays PLC from $34.00 to $36.00. They now have an “equal weight” rating on the stock.
• 2/3/2025 – Open Text had its price target lowered by analysts at TD Securities from $40.00 to $38.00. They now have a “buy” rating on the stock.
• 1/27/2025 – Open Text was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 1/19/2025 – Open Text was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 1/16/2025 – Open Text had its price target lowered by analysts at Citigroup Inc. from $33.00 to $30.00. They now have a “neutral” rating on the stock.
• 1/11/2025 – Open Text was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 1/3/2025 – Open Text was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 12/30/2024 – Open Text had its price target lowered by analysts at TD Securities from $40.00 to $38.00. They now have a “buy” rating on the stock.

Open Text Stock Up 0.3 %

Open Text stock opened at $26.91 on Tuesday. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 10.94 and a beta of 1.12. The company’s 50 day simple moving average is $28.31 and its 200 day simple moving average is $30.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.87 and a quick ratio of 0.87. Open Text Co. has a fifty-two week low of $26.59 and a fifty-two week high of $40.55.

Open Text (NASDAQ:OTEX) (TSE:OTC) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. Open Text had a net margin of 12.21% and a return on equity of 23.23%. As a group, sell-side analysts anticipate that Open Text Co. will post 3.45 EPS for the current year.

Open Text Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.2625 dividend. This is an increase from Open Text’s previous quarterly dividend of $0.26. This represents a $1.05 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, March 7th. Open Text’s dividend payout ratio is 42.68%.

Hedge Funds Weigh In On Open Text

Several institutional investors have recently modified their holdings of OTEX. Creative Planning grew its holdings in shares of Open Text by 23.7% in the 3rd quarter. Creative Planning now owns 30,102 shares of the software maker’s stock valued at $1,002,000 after acquiring an additional 5,760 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Open Text by 435.7% during the 3rd quarter. Blue Trust Inc. now owns 975 shares of the software maker’s stock worth $32,000 after acquiring an additional 793 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Open Text by 28,811.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 127,210 shares of the software maker’s stock valued at $4,239,000 after acquiring an additional 126,770 shares during the period. International Assets Investment Management LLC acquired a new stake in Open Text during the 3rd quarter valued at $465,000. Finally, Assenagon Asset Management S.A. boosted its position in Open Text by 1.7% during the third quarter. Assenagon Asset Management S.A. now owns 18,872 shares of the software maker’s stock worth $629,000 after purchasing an additional 322 shares during the period. Institutional investors own 70.37% of the company’s stock.

Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.