Open Text Corporation (OTEX) reported third-quarter 2026 results with total revenues of $1.28 billion (up 2.2% year-over-year), gross profit of $937.3 million (up 4.3%), and operating profit of $201.2 million (down 3.8% YoY).
Net income attributable to common shareholders increased to $172.7 million (up 86.0% YoY), driving diluted earnings per share of $0.70 (up 100% YoY).
On the cash-flow and balance-sheet side, operating cash flow declined while capital spending rose. Cash and equivalents remained around $1.25 billion.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Open Text Corporation Hedge Fund Activity
We have seen 165 institutional investors add shares of Open Text Corporation stock to their portfolio, and 120 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- 1832 ASSET MANAGEMENT L.P. added 19,948,681 shares (+547.4%) to their portfolio in Q4 2025, for an estimated $649,928,026
- FIRST TRUST ADVISORS LP added 2,466,264 shares (+27.3%) to their portfolio in Q4 2025, for an estimated $80,350,881
- FMR LLC removed 1,596,224 shares (-64.1%) from their portfolio in Q4 2025, for an estimated $52,004,977
- ROYAL BANK OF CANADA removed 1,446,416 shares (-14.0%) from their portfolio in Q4 2025, for an estimated $47,124,233
- MORGAN STANLEY added 1,253,405 shares (+76.8%) to their portfolio in Q4 2025, for an estimated $40,835,934
- COOKE & BIELER LP removed 1,202,951 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $26,753,630
- MANUFACTURERS LIFE INSURANCE COMPANY, THE added 1,122,320 shares (+11.7%) to their portfolio in Q4 2025, for an estimated $36,565,185
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
Open Text Corporation Government Contracts
We have seen $1,422,222 of award payments to $OTEX over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- PIMS OPERATION AND MAINTENANCE (O&M): $1,211,378
- DOCKET MANAGEMENT SYSTEM (MYDMS) SOFTWARE DEVELOPMENT, MAINTENANCE AND ENHANCEMENTS SUPPORT SERVICES: $210,844
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
Open Text Corporation Price Targets
Multiple analysts have issued price targets for $OTEX recently. We have seen 4 analysts offer price targets for $OTEX in the last 6 months, with a median target of $28.0.
Here are some recent targets:
- Raimo Lenschow from Barclays set a target price of $25.0 on 04/21/2026
- Steven Enders from Citigroup set a target price of $26.0 on 02/09/2026
- Paul Treiber from RBC Capital set a target price of $30.0 on 02/06/2026
- Stephanie Price from CIBC set a target price of $37.0 on 01/16/2026
