Sylogist Ltd. Plans Quarterly Dividend of $0.01 (TSE:SYZ)

Sylogist Ltd. (TSE:SYZ) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Wednesday, December 11th will be given a dividend of 0.01 per share on Sunday, December 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, December 11th.

Sylogist Price Performance

Sylogist stock opened at C$10.89 on Friday. The firm has a 50-day moving average price of C$11.04 and a 200-day moving average price of C$10.33. The firm has a market capitalization of C$254.28 million, a PE ratio of 1,089.00 and a beta of 0.82. The company has a current ratio of 0.45, a quick ratio of 0.51 and a debt-to-equity ratio of 53.47. Sylogist has a 12-month low of C$6.51 and a 12-month high of C$11.60.

Sylogist (TSE:SYZ) last released its earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.06). The firm had revenue of C$17.40 million during the quarter, compared to the consensus estimate of C$17.33 million. Sylogist had a return on equity of 0.61% and a net margin of 0.34%. As a group, equities research analysts forecast that Sylogist will post 0.2447905 EPS for the current year.

Insider Buying and Selling at Sylogist

In other Sylogist news, Director Taylor Gray sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$10.81, for a total transaction of C$108,100.00. Insiders own 3.34% of the company’s stock.

Analyst Upgrades and Downgrades

SYZ has been the subject of several analyst reports. Acumen Capital set a C$13.25 target price on shares of Sylogist in a report on Friday, August 9th. Ventum Cap Mkts upgraded shares of Sylogist to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Cormark lifted their price objective on shares of Sylogist from C$12.25 to C$14.00 in a report on Friday, August 9th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$12.96.

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.