Sylogist (TSE:SYZ) Shares Up 0.3% After Dividend Announcement

Sylogist Ltd. (TSE:SYZ)’s stock price rose 0.3% on Monday following a dividend announcement from the company. The stock traded as high as C$10.08 and last traded at C$10.08. Approximately 6,688 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 44,739 shares. The stock had previously closed at C$10.05.

The newly announced dividend which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, November 29th. Sylogist’s dividend payout ratio is currently 400.00%.

Analyst Upgrades and Downgrades

SYZ has been the subject of a number of research reports. Cormark raised their target price on shares of Sylogist from C$12.25 to C$14.00 in a research note on Friday, August 9th. Acumen Capital set a C$13.25 target price on shares of Sylogist in a research note on Friday, August 9th. Four equities research 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, the stock presently has a consensus rating of “Buy” and an average target price of C$12.96.

Sylogist Stock Up 0.3 %

The company has a current ratio of 0.45, a quick ratio of 0.51 and a debt-to-equity ratio of 53.47. The firm’s 50 day simple moving average is C$10.80 and its two-hundred day simple moving average is C$10.50. The firm has a market cap of C$235.37 million, a price-to-earnings ratio of 1,008.00 and a beta of 0.82.

Insiders Place Their Bets

In other Sylogist news, Director Taylor Gray sold 10,000 shares of Sylogist stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$10.81, for a total value of C$108,100.00. Corporate insiders own 3.34% of the company’s stock.

Sylogist Company Profile

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.