Computer Modelling Group Ltd. (CMG) to Issue Quarterly Dividend of $0.05 on September 13th

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Stockholders of record on Thursday, September 5th will be paid a dividend of 0.05 per share on Friday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, September 5th.

Computer Modelling Group Stock Down 0.2 %

Shares of TSE:CMG traded down C$0.02 during midday trading on Friday, hitting C$12.52. The stock had a trading volume of 24,219 shares, compared to its average volume of 114,735. The company has a market cap of C$1.02 billion, a P/E ratio of 43.24, a PEG ratio of 1.97 and a beta of 1.14. Computer Modelling Group has a 12 month low of C$6.85 and a 12 month high of C$14.73. The business’s 50-day simple moving average is C$13.46 and its 200-day simple moving average is C$11.43. The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported C$0.09 EPS for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.02. The firm had revenue of C$32.29 million during the quarter, compared to analysts’ expectations of C$31.30 million. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. On average, sell-side analysts forecast that Computer Modelling Group will post 0.3502392 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CMG. Acumen Capital boosted their price target on Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. CIBC boosted their target price on Computer Modelling Group from C$13.50 to C$15.00 in a report on Thursday. Canaccord Genuity Group raised their price target on Computer Modelling Group from C$12.00 to C$15.00 in a report on Friday, July 26th. National Bankshares upped their price objective on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, BMO Capital Markets increased their price objective on shares of Computer Modelling Group from C$13.00 to C$14.00 in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$13.25.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Anjani Kumar sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total value of C$127,300.00. In other news, Senior Officer Anjani Kumar sold 10,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total value of C$127,300.00. Also, Director Kenneth Michael Dedeluk sold 12,400 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$13.50, for a total value of C$167,400.00. Over the last three months, insiders have sold 143,400 shares of company stock valued at $1,865,633. 1.37% of the stock is owned by company insiders.

Computer Modelling Group Company Profile

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.