Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Buys 2,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Hermanus Jacobus Nieuwoudt bought 2,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of C$7.24 per share, for a total transaction of C$14,486.40.

Computer Modelling Group Stock Up 1.4 %

Shares of Computer Modelling Group stock opened at C$7.34 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company’s fifty day simple moving average is C$9.60 and its two-hundred day simple moving average is C$10.82. The company has a market cap of C$592.22 million, a P/E ratio of 24.20, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 12-month low of C$7.17 and a 12-month high of C$14.73.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is presently 65.95%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMG shares. Raymond James cut their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. CIBC cut their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and cut their target price for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Ventum Financial cut their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Cibc World Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.13.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.