OpenText Increases FY26 Share Repurchase Program by $200M to $500M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
0mins
Should l Buy OTEX?
OpenText has increased its FY26 share repurchase program by $200M, whereby it intends to purchase for cancellation up to a maximum aggregate value of $500M of its common shares pursuant to a normal course issuer bid, or NCIB. The maximum number of common shares that may be acquired under the NCIB will remain unchanged at the 24,906,456 common shares, which was previously approved by the TSX. The NCIB is in effect for the 12-month period that commenced August 12, 2025 and terminates August 11, 2026. During FY26, the company has purchased for cancellation approximately $190M of common shares as of January 31, 2026, of which approximately 5 million common shares for an aggregate value of approximately $165M have been purchased and cancelled since the beginning of the NCIB.
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Analyst Views on OTEX
Wall Street analysts forecast OTEX stock price to rise
8 Analyst Rating
1 Buy
7 Hold
0 Sell
Hold
Current: 24.820
Low
26.00
Averages
31.88
High
50.00
Current: 24.820
Low
26.00
Averages
31.88
High
50.00
About OTEX
Open Text Corporation is a Canada-based information management company, which provides software and services. Its comprehensive Information Management platform and services provide secure and scalable solutions for global companies, small and medium-sized businesses (SMBs), governments and consumers around the world. It has a complete and integrated portfolio of information management solutions delivered at scale in the OpenText Cloud, enabling organizations master modern work, automate application delivery and modernization, and optimize their digital supply chains by bringing together content cloud, cybersecurity cloud, business network cloud, information technology (IT) operations management cloud, application modernization cloud and analytics cloud. It also accelerates information modernization with intelligent tools and services for moving off paper, automating classification and building clean data lakes for Artificial Intelligence (AI), analytics and automation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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See More
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See More
