Sylogist (TSE:SYZ) Shares Down 0.7%

Shares of Sylogist Ltd. (TSE:SYZ) were down 0.7% during trading on Monday . The company traded as low as C$10.89 and last traded at C$11.01. Approximately 8,307 shares changed hands during trading, a decline of 82% from the average daily volume of 46,973 shares. The stock had previously closed at C$11.09.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SYZ. Ventum Cap Mkts upgraded shares of Sylogist to a “strong-buy” rating in a report on Tuesday, July 16th. Canaccord Genuity Group upped their price objective on shares of Sylogist from C$10.00 to C$12.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Cormark boosted their price target on shares of Sylogist from C$12.25 to C$14.00 in a report on Friday, August 9th. Finally, Acumen Capital set a C$13.25 price objective on Sylogist in a report on Friday, August 9th. Four 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.com, the company presently has an average rating of “Buy” and an average price target of C$12.96.

Sylogist Stock Down 0.7 %

The business has a 50-day simple moving average of C$10.84 and a two-hundred day simple moving average of C$9.81. The company has a quick ratio of 0.51, a current ratio of 0.45 and a debt-to-equity ratio of 53.47. The company has a market cap of C$257.08 million, a price-to-earnings ratio of 1,101.00 and a beta of 0.82.

Sylogist (TSE:SYZ) last announced its earnings results on Thursday, August 8th. The company reported C($0.01) EPS for the quarter, missing the consensus estimate 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 firm had revenue of C$17.40 million during the quarter, compared to the consensus estimate of C$17.33 million. As a group, equities analysts forecast that Sylogist Ltd. will post 0.2450829 earnings per share for the current fiscal year.

Sylogist Announces Dividend

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

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.