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

Sylogist Ltd. (TSE:SYZ) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Friday, August 30th will be paid a dividend of 0.01 per share on Wednesday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, August 30th.

Sylogist Trading Down 0.2 %

Shares of TSE SYZ opened at C$11.41 on Wednesday. The company’s 50 day simple moving average is C$10.48 and its 200 day simple moving average is C$9.59. Sylogist has a fifty-two week low of C$6.51 and a fifty-two week high of C$11.60. The firm has a market capitalization of C$266.42 million, a P/E ratio of 1,141.00 and a beta of 0.82. The company has a debt-to-equity ratio of 53.47, a current ratio of 0.45 and a quick ratio of 0.51.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of Sylogist from C$10.00 to C$12.00 and gave the company a “buy” rating in a report on Monday, June 17th. Cormark increased their target price on shares of Sylogist from C$12.25 to C$14.00 in a report on Friday, August 9th. Acumen Capital set a C$13.25 target price on shares of Sylogist in a report on Friday, August 9th. Finally, Ventum Cap Mkts upgraded shares of Sylogist to a “strong-buy” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$12.68.

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.