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

Sylogist Ltd. (TSE:SYZ) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.01 per share on Wednesday, June 12th. This represents a $0.04 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, May 31st.

Sylogist Price Performance

TSE SYZ traded up C$0.04 during mid-day trading on Friday, hitting C$8.92. The stock had a trading volume of 2,222 shares, compared to its average volume of 53,781. Sylogist has a 52-week low of C$5.40 and a 52-week high of C$9.96. The company has a market cap of C$209.35 million, a price-to-earnings ratio of 177.60 and a beta of 0.84. The company has a 50 day simple moving average of C$9.00 and a 200 day simple moving average of C$8.05. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 47.19.

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

Insider Activity

In other Sylogist news, Director Tracy Edkins bought 3,222 shares of Sylogist stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average price of C$9.31 per share, for a total transaction of C$29,996.82. Corporate insiders own 5.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SYZ. Cormark lifted their price target on shares of Sylogist from C$10.50 to C$11.00 in a report on Friday, March 15th. Echelon Wealth Partners boosted their price target on Sylogist from C$11.00 to C$12.50 and gave the company a “buy” rating in a report on Monday, April 15th. 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. Finally, Stifel Nicolaus set a C$14.00 target price on Sylogist and gave the stock a “buy” rating in a research report on Thursday, February 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$11.50.

Sylogist Company Profile

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.