121,526 Shares of Open Text Corporation $OTEX Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 121,526 shares of the software maker’s stock, valued at approximately $2,725,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vise Technologies Inc. lifted its holdings in Open Text by 11.6% in the third quarter. Vise Technologies Inc. now owns 10,229 shares of the software maker’s stock valued at $229,000 after buying an additional 1,062 shares during the period. Access Investment Management LLC boosted its stake in Open Text by 43.7% in the third quarter. Access Investment Management LLC now owns 287,631 shares of the software maker’s stock valued at $6,449,000 after acquiring an additional 87,535 shares during the last quarter. Signaturefd LLC boosted its stake in Open Text by 8.2% in the third quarter. Signaturefd LLC now owns 7,796 shares of the software maker’s stock valued at $175,000 after acquiring an additional 593 shares during the last quarter. Mondrian Investment Partners LTD acquired a new stake in Open Text during the 3rd quarter worth $67,000. Finally, Vest Financial LLC grew its holdings in Open Text by 20.4% during the 3rd quarter. Vest Financial LLC now owns 101,285 shares of the software maker’s stock worth $2,271,000 after acquiring an additional 17,175 shares during the period. 70.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

OTEX has been the subject of several recent research reports. Wall Street Zen cut shares of Open Text from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group raised their price target on Open Text from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Barclays lifted their price objective on Open Text from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday. Zacks Research upgraded Open Text from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Citigroup upped their price objective on Open Text from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.72.

Open Text Stock Performance

Shares of NASDAQ:OTEX opened at $24.85 on Friday. The firm’s 50 day simple moving average is $24.44 and its 200 day simple moving average is $23.84. Open Text Corporation has a fifty-two week low of $19.77 and a fifty-two week high of $35.65. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 9.41 and a beta of 0.98. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.81.

Open Text (NASDAQ:OTEX) (TSE:OTC) last issued its quarterly earnings data on Thursday, November 5th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. Open Text had a net margin of 12.54% and a return on equity of 25.39%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that Open Text Corporation will post 3.72 earnings per share for the current year.

Open Text Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, December 4th. Open Text’s dividend payout ratio (DPR) is currently 43.41%.

Open Text News Summary

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

• Positive Sentiment: Open Text earned $1.05 per share, ahead of the $0.94 consensus, and revenue of $1.24 billion topped estimates of $1.22 billion. Core revenue grew 2% year over year, core cloud revenue rose 11%, and adjusted EBITDA margin was 35.8%. OpenText first-quarter fiscal 2027 results
• Positive Sentiment: Barclays raised its price target from $27 to $29, implying 16.6% upside from the cited share price. Its rating remains “equal weight,” however, signaling a broadly market-level view.
• Positive Sentiment: The company declared a quarterly dividend of $0.28 per share, equivalent to $1.12 annually and a stated yield of about 4.3%.
• Neutral Sentiment: Second-quarter revenue guidance of $1.3 billion is in line with analyst consensus.
• Negative Sentiment: Fiscal 2027 revenue guidance of $5.1 billion–$5.2 billion has a midpoint below the $5.2 billion consensus, a modest forecast shortfall that could temper the earnings beat.
• Negative Sentiment: Despite beating estimates, quarterly revenue declined 4% year over year, and EPS was unchanged from the same quarter last year. That weak growth comparison may limit the positive impact of the results.

About Open Text

OpenText Corporation is a Canadian enterprise software company that develops solutions for managing, securing and exchanging business information. Its offerings help organizations organize content, automate business processes, connect with customers and partners, and manage information across cloud, on-premises and hybrid environments.

The company’s portfolio includes enterprise content management, business network and integration services, customer experience tools, cybersecurity and information governance solutions, and software for managing enterprise applications and information technology operations.