Quantinno Capital Management LP Boosts Stake in Open Text Corporation $OTEX

Key Points

• Quantinno Capital Management more than doubled its Open Text stake in the first quarter, increasing holdings by 109.8% to 109,717 shares valued at approximately $2.44 million. Institutional investors collectively own 70.37% of the company.
• Open Text reported quarterly EPS of $1.23 versus the $1.02 consensus estimate, while revenue reached $1.33 billion, exceeding expectations and rising 2.9% year over year.
• The company declared a quarterly dividend of $0.28 per share, equivalent to $1.12 annually and a yield of roughly 4.5%. Analysts remain cautious, with the stock carrying a consensus “Hold” rating and an average price target of $32.46.

Quantinno Capital Management LP increased its holdings in Open Text Corporation (NASDAQ:OTEX - Free Report) TSE: OTC by 109.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 109,717 shares of the software maker's stock after acquiring an additional 57,432 shares during the quarter. Quantinno Capital Management LP's holdings in Open Text were worth $2,440,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OTEX. Lazard Asset Management LLC increased its holdings in Open Text by 9.5% during the 1st quarter. Lazard Asset Management LLC now owns 55,585 shares of the software maker's stock worth $1,236,000 after purchasing an additional 4,824 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Open Text during the 1st quarter valued at approximately $202,000. Aristides Capital LLC boosted its stake in shares of Open Text by 40.3% during the 1st quarter. Aristides Capital LLC now owns 9,867 shares of the software maker's stock valued at $219,000 after buying an additional 2,836 shares during the last quarter. Sei Investments Co. grew its position in shares of Open Text by 47.3% during the first quarter. Sei Investments Co. now owns 255,601 shares of the software maker's stock worth $5,684,000 after buying an additional 82,049 shares in the last quarter. Finally, State of Wyoming increased its stake in shares of Open Text by 436.5% in the first quarter. State of Wyoming now owns 9,330 shares of the software maker's stock worth $207,000 after buying an additional 7,591 shares during the last quarter. Hedge funds and other institutional investors own 70.37% of the company's stock.

Open Text Stock Performance

Open Text stock opened at $24.94 on Monday. Open Text Corporation has a 1 year low of $19.77 and a 1 year high of $39.90. The firm's 50-day moving average is $23.05 and its 200-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. The company has a market cap of $6.04 billion, a P/E ratio of 9.67 and a beta of 1.03.

Open Text (NASDAQ:OTEX - Get Free Report) TSE: OTC last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 12.26% and a return on equity of 25.76%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, equities analysts expect that Open Text Corporation will post 4.32 earnings per share for the current year.

Open Text Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.28 dividend. The ex-dividend date is Friday, September 4th. This is a positive change from Open Text's previous quarterly dividend of $0.28. This represents a $1.12 dividend on an annualized basis and a yield of 4.5%. Open Text's dividend payout ratio (DPR) is 43.41%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Open Text from $30.00 to $27.00 and set a "sector perform" rating on the stock in a report on Friday, May 8th. Scotiabank set a $33.00 target price on shares of Open Text in a research report on Friday. National Bank Financial reduced their price target on shares of Open Text from $45.00 to $33.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 27th. Raymond James Financial downgraded Open Text from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $35.00 to $29.50 in a research note on Thursday. Finally, Citigroup boosted their price objective on Open Text from $25.00 to $28.00 and gave the company a "neutral" rating in a 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $32.46.

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.

About Open Text

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.

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