Raymond James Financial Forecasts Open Text Q1 Earnings

Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) – Stock analysts at Raymond James Financial issued their Q1 2026 earnings estimates for Open Text in a report issued on Monday, August 18th. Raymond James Financial analyst S. Li anticipates that the software maker will post earnings per share of $0.94 for the quarter. The consensus estimate for Open Text’s current full-year earnings is $3.45 per share. Raymond James Financial also issued estimates for Open Text’s Q2 2026 earnings at $1.02 EPS, Q3 2026 earnings at $0.92 EPS and Q4 2026 earnings at $1.01 EPS.

Open Text (NASDAQ:OTEX) (TSE:OTC) last issued its quarterly earnings data on Thursday, August 7th. The software maker reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.11. Open Text had a return on equity of 22.52% and a net margin of 8.43%.The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $0.98 EPS. The business’s revenue was down 3.8% on a year-over-year basis.

Other equities research analysts have also issued research reports about the stock. Scotiabank increased their price objective on shares of Open Text from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 12th. BMO Capital Markets lowered their target price on Open Text from $30.00 to $28.00 and set a “market perform” rating on the stock in a research note on Friday, May 2nd. CIBC reissued a “neutral” rating on shares of Open Text in a report on Monday, August 11th. Citigroup raised their price objective on shares of Open Text from $29.00 to $43.00 and gave the stock a “negative” rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group lowered shares of Open Text from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.60.

Open Text Stock Performance

Shares of OTEX stock opened at $31.91 on Thursday. Open Text has a one year low of $22.79 and a one year high of $34.20. The company has a market cap of $8.12 billion, a P/E ratio of 19.34 and a beta of 1.12. The firm has a 50-day moving average of $29.44 and a 200-day moving average of $27.74. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.80 and a quick ratio of 0.80.

Hedge Funds Weigh In On Open Text

Large investors have recently made changes to their positions in the stock. Cromwell Holdings LLC raised its stake in shares of Open Text by 27.4% during the second quarter. Cromwell Holdings LLC now owns 1,635 shares of the software maker’s stock valued at $48,000 after acquiring an additional 352 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Open Text by 2.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,174 shares of the software maker’s stock valued at $385,000 after purchasing an additional 370 shares during the period. Tidal Investments LLC raised its position in Open Text by 2.6% during the 2nd quarter. Tidal Investments LLC now owns 18,059 shares of the software maker’s stock valued at $527,000 after purchasing an additional 460 shares during the last quarter. WealthCollab LLC lifted its holdings in Open Text by 39.5% in the 2nd quarter. WealthCollab LLC now owns 1,640 shares of the software maker’s stock worth $48,000 after buying an additional 464 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Open Text by 39.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,005 shares of the software maker’s stock worth $59,000 after buying an additional 570 shares during the last quarter. 70.37% of the stock is owned by institutional investors.

Open Text Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 5th. This is a positive change from Open Text’s previous quarterly dividend of $0.26. Open Text’s payout ratio is presently 63.64%.

Open Text Company Profile

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.