Taylor Gray Sells 1,100 Shares of Sylogist Ltd. (TSE:SYZ) Stock

Sylogist Ltd. (TSE:SYZ) Director Taylor Gray sold 1,100 shares of Sylogist stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$11.08, for a total value of C$12,183.60.

Sylogist Stock Performance

TSE:SYZ opened at C$11.03 on Monday. The stock’s 50-day moving average is C$11.12 and its 200-day moving average is C$10.13. The stock has a market cap of C$257.55 million, a P/E ratio of 1,103.00 and a beta of 0.82. Sylogist Ltd. has a 1-year low of C$6.51 and a 1-year high of C$11.60. The company has a current ratio of 0.45, a quick ratio of 0.51 and a debt-to-equity ratio of 53.47.

Sylogist (TSE:SYZ) last posted its earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.06). Sylogist had a return on equity of 0.61% and a net margin of 0.34%. The business had revenue of C$17.40 million for the quarter, compared to the consensus estimate of C$17.33 million. Equities research analysts anticipate that Sylogist Ltd. will post 0.2447905 earnings per share for the current year.

Sylogist Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, September 11th were issued a $0.01 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. Sylogist’s payout ratio is 400.00%.

Analyst Ratings Changes

A number of research firms have issued reports on SYZ. Acumen Capital set a C$13.25 target price on Sylogist in a research report on Friday, August 9th. Ventum Cap Mkts raised shares of Sylogist to a “strong-buy” rating in a report on Tuesday, July 16th. Cormark upped their price objective on shares of Sylogist from C$12.25 to C$14.00 in a research report on Friday, August 9th. Finally, Canaccord Genuity Group raised their target price on shares of Sylogist from C$10.00 to C$12.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$12.96.

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.