Sylogist Ltd. (TSE:SYZ – Get Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$10.00 and last traded at C$9.91, with a volume of 17550 shares changing hands. The stock had previously closed at C$9.70.
Wall Street Analysts Forecast Growth
SYZ has been the subject of a number of research analyst reports. Echelon Wealth Partners raised their price objective on Sylogist from C$11.00 to C$12.50 and gave the company a “buy” rating in a research report on Monday, April 15th. Cormark raised their price objective on Sylogist from C$10.50 to C$11.00 in a research report on Friday, March 15th. Finally, Paradigm Capital set a C$12.00 price objective on Sylogist and gave the company a “buy” rating in a research report on Wednesday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$11.50.
Get Our Latest Report on Sylogist
Sylogist Trading Up 2.4 %
Sylogist (TSE:SYZ – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.06). The company had revenue of C$16.31 million during the quarter, compared to analysts’ expectations of C$16.40 million. Sylogist had a return on equity of 1.27% and a net margin of 0.74%. Analysts predict that Sylogist Ltd. will post 0.1501336 earnings per share for the current year.
Sylogist Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 12th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.40%. The ex-dividend date is Friday, May 31st. Sylogist’s payout ratio is currently 200.00%.
Insiders Place Their Bets
In other news, Director Tracy Edkins acquired 3,222 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was acquired at an average price of C$9.31 per share, with a total value of C$29,996.82. 3.39% of the stock is owned by insiders.
Sylogist Company Profile
Sylogist Ltd., a software company, provides mission-critical software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company offers SylogistMission constituent relationship management system, which includes donor management, fundraising, volunteer management, and program delivery; and enterprise resource management, such as accounting and financial management, grant and award management, budget management, payroll and human resources, analytics and reporting, and support and training.
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