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

Sylogist Ltd. (TSE:SYZ) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders 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 dividend yield of 0.36%. The ex-dividend date is Friday, August 30th.

Sylogist Trading Down 1.9 %

SYZ opened at C$11.19 on Thursday. The stock has a market cap of C$261.29 million, a PE ratio of 1,119.00 and a beta of 0.82. The company has a quick ratio of 0.51, a current ratio of 0.45 and a debt-to-equity ratio of 53.47. Sylogist has a twelve month low of C$6.51 and a twelve month high of C$11.60. The company has a fifty day moving average of C$10.51 and a 200-day moving average of C$9.60.

Analyst Upgrades and Downgrades

SYZ has been the subject of several recent analyst reports. Acumen Capital set a C$13.25 price objective on shares of Sylogist in a research report on Friday, August 9th. Ventum Cap Mkts raised shares of Sylogist to a “strong-buy” rating in a research report on Tuesday, July 16th. Canaccord Genuity Group upped their price target on Sylogist from C$10.00 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Cormark raised their price objective on Sylogist from C$12.25 to C$14.00 in a research note on Friday, August 9th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$12.68.

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.