Shares of Absolute Software (TSE:ABT) hit a new 52-week high during trading on Monday . The stock traded as high as C$8.79 and last traded at C$8.79, with a volume of 140133 shares. The stock had previously closed at C$8.69.

A number of research firms have recently issued reports on ABT. Canaccord Genuity lifted their price objective on shares of Absolute Software from C$8.25 to C$9.00 and gave the company a “hold” rating in a report on Tuesday, February 5th. TD Securities raised their target price on shares of Absolute Software from C$8.50 to C$9.00 and gave the company a “hold” rating in a research note on Tuesday, February 5th. BMO Capital Markets raised their target price on shares of Absolute Software from C$8.50 to C$9.50 in a research note on Tuesday, February 5th. Pi Financial raised their target price on shares of Absolute Software from C$10.50 to C$11.50 in a research note on Tuesday, February 5th. Finally, National Bank Financial raised their target price on shares of Absolute Software from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Monday, November 5th.

The company has a market cap of $350.99 million and a price-to-earnings ratio of 54.94.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 27th. Investors of record on Wednesday, February 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, February 5th. This represents a $0.32 annualized dividend and a dividend yield of 3.64%. Absolute Software’s dividend payout ratio is presently 155.94%.

In related news, insider Pamela Hester Oneal sold 4,271 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of C$8.14, for a total value of C$34,765.94.

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About Absolute Software (TSE:ABT)

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.

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