Dye & Durham Limited (TSE:DND – Get Free Report) shares shot up 3.1% during mid-day trading on Monday . The company traded as high as C$16.05 and last traded at C$15.89. 147,646 shares traded hands during trading, a decline of 4% from the average session volume of 154,223 shares. The stock had previously closed at C$15.41.
Analysts Set New Price Targets
A number of brokerages have weighed in on DND. Cormark reduced their price target on shares of Dye & Durham from C$23.00 to C$17.50 in a research report on Monday, July 22nd. CIBC raised their target price on shares of Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th.
View Our Latest Stock Analysis on DND
Dye & Durham Trading Up 3.1 %
Dye & Durham (TSE:DND – Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The company had revenue of C$120.12 million for the quarter, compared to analyst estimates of C$119.81 million. Equities research analysts expect that Dye & Durham Limited will post 0.1082712 EPS for the current year.
Dye & Durham Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 12th were paid a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Thursday, September 12th. Dye & Durham’s dividend payout ratio (DPR) is -2.73%.
About Dye & Durham
Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.
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