Sylogist Ltd. (TSE:SYZ) Director Purchases C$29,996.82 in Stock

Sylogist Ltd. (TSE:SYZ) Director Tracy Edkins acquired 3,222 shares of Sylogist stock in a transaction on Friday, April 19th. The shares were bought at an average cost of C$9.31 per share, with a total value of C$29,996.82.

Sylogist Stock Performance

Shares of Sylogist stock traded down C$0.09 during trading hours on Tuesday, hitting C$9.20. 18,621 shares of the company’s stock traded hands, compared to its average volume of 55,467. Sylogist Ltd. has a 12-month low of C$5.40 and a 12-month high of C$9.96. The stock has a market capitalization of C$215.92 million, a price-to-earnings ratio of 185.40 and a beta of 0.84. The company has a fifty day simple moving average of C$8.97 and a 200-day simple moving average of C$7.91. The company has a debt-to-equity ratio of 47.19, a current ratio of 0.54 and a quick ratio of 0.51.

Sylogist (TSE:SYZ) last issued its earnings results on Thursday, March 14th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.04). The company had revenue of C$16.17 million during the quarter, compared to the consensus estimate of C$16.43 million. Sylogist had a return on equity of 2.84% and a net margin of 1.68%. Equities research analysts anticipate that Sylogist Ltd. will post 0.2047516 EPS for the current fiscal year.

Sylogist Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 29th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. Sylogist’s dividend payout ratio is presently 80.00%.

Analyst Ratings Changes

SYZ has been the subject of several recent analyst reports. Paradigm Capital set a C$12.00 price objective on shares of Sylogist and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Echelon Wealth Partners upped their price objective on Sylogist from C$11.00 to C$12.50 and gave the company a “buy” rating in a research note on Monday, April 15th. Stifel Nicolaus set a C$14.00 target price on shares of Sylogist and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Cormark increased their price target on Sylogist from C$10.50 to C$11.00 in a report on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Sylogist has a consensus rating of “Buy” and a consensus target price of C$11.50.

About Sylogist

Sylogist Ltd., a software company, provides software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company manages IT services, business applications, and Web portals. The company was incorporated in 1993 and is headquartered in Calgary, Canada.