Ventum Cap Mkts upgraded shares of Sylogist (TSE:SYZ – Free Report) to a strong-buy rating in a research report released on Tuesday, Zacks.com reports.
A number of other equities research analysts have also weighed in on the company. Echelon Wealth Partners boosted their price target on Sylogist from C$11.00 to C$12.50 and gave the stock a buy rating in a research note on Monday, April 15th. Canaccord Genuity Group raised their price target on shares of Sylogist from C$10.00 to C$12.00 and gave the stock a buy rating in a report on Monday, June 17th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of C$12.08.
Get Our Latest Stock Report on Sylogist
Sylogist Stock Down 1.4 %
Sylogist (TSE:SYZ – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.06). Sylogist had a return on equity of 1.27% and a net margin of 0.74%. The firm had revenue of C$16.31 million during the quarter, compared to analysts’ expectations of C$16.40 million. As a group, analysts expect that Sylogist will post 0.1501336 EPS for the current fiscal year.
Sylogist Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, May 31st. Sylogist’s dividend payout ratio (DPR) is 200.00%.
Insider Buying and Selling
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, for a total transaction of C$29,996.82. 3.39% of the stock is currently owned by insiders.
About Sylogist
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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