ATB Cormark Capital Markets Lowers Sylogist (TSE:SYZ) Price Target to C$5.50

Sylogist (TSE:SYZ) had its price target decreased by research analysts at ATB Cormark Capital Markets from C$6.00 to C$5.50 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 47.06% from the stock’s current price.

Separately, Ventum Financial lowered Sylogist from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$7.00 to C$4.75 in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Sylogist has a consensus rating of “Hold” and an average price target of C$5.00.

Sylogist Stock Up 0.5%

Shares of TSE SYZ traded up C$0.02 during midday trading on Monday, reaching C$3.74. 10,501 shares of the company’s stock traded hands, compared to its average volume of 97,216. The company has a market cap of C$87.12 million, a price-to-earnings ratio of -11.69 and a beta of 0.39. The stock’s 50 day simple moving average is C$3.68 and its 200-day simple moving average is C$4.20. The company has a quick ratio of 0.51, a current ratio of 0.76 and a debt-to-equity ratio of 70.73. Sylogist has a one year low of C$3.03 and a one year high of C$9.89.

Sylogist (TSE:SYZ) last announced its earnings results on Tuesday, May 12th. The company reported C($0.16) earnings per share (EPS) for the quarter. The company had revenue of C$14.74 million for the quarter. Sylogist had a negative net margin of 12.41% and a negative return on equity of 24.29%. On average, analysts predict that Sylogist will post 0.2447905 EPS for the current fiscal year.

Insider Activity

In other news, Director Andrew Anthony Shen purchased 689,175 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of C$3.70 per share, with a total value of C$2,549,947.50. Following the completion of the acquisition, the director owned 916,875 shares of the company’s stock, valued at approximately C$3,392,437.50. This represents a 302.67% increase in their position. In the last ninety days, insiders have acquired 692,775 shares of company stock valued at $2,563,128. Insiders own 3.34% of the company’s stock.

About Sylogist

Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers across the government, nonprofit, and education market segments. The Company’s stock is traded on the Toronto Stock Exchange under the symbol SYZ. Information about Sylogist, inclusive of full financial statements together with Management’s Discussion and Analysis, can be found at sedarplus.ca or at sylogist.com.