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

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

Sylogist Stock Performance

TSE SYZ opened at C$9.24 on Thursday. The business’s 50-day moving average price is C$9.01 and its 200 day moving average price is C$7.93. Sylogist Ltd. has a twelve month low of C$5.40 and a twelve month high of C$9.96. The company has a market capitalization of C$216.86 million, a PE ratio of 184.80 and a beta of 0.84. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 47.19.

Sylogist (TSE:SYZ) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.04). The firm had revenue of C$16.17 million during the quarter, compared to analysts’ expectations of C$16.43 million. Sylogist had a return on equity of 2.84% and a net margin of 1.68%. On average, research analysts predict that Sylogist Ltd. will post 0.2047516 earnings per share for the current year.

Sylogist Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. Sylogist’s payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SYZ shares. Paradigm Capital set a C$12.00 target price on shares of Sylogist and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Cormark upped their target price on Sylogist from C$10.50 to C$11.00 in a research note on Friday, March 15th. 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. Finally, Echelon Wealth Partners increased their target price on Sylogist from C$11.00 to C$12.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.