Shares of Sylogist Ltd. (TSE:SYZ – Get Free Report) fell 0.7% on Monday . The stock traded as low as C$10.89 and last traded at C$11.01. 8,307 shares changed hands during trading, a decline of 82% from the average session volume of 46,973 shares. The stock had previously closed at C$11.09.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on SYZ shares. Cormark raised their price objective on Sylogist from C$12.25 to C$14.00 in a 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 boosted their price objective on shares of Sylogist from C$10.00 to C$12.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, Acumen Capital set a C$13.25 target price on Sylogist in a research report on Friday, August 9th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sylogist has an average rating of “Buy” and a consensus target price of C$12.96.
Sylogist Stock Down 0.7 %
Sylogist (TSE:SYZ – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share 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 company had revenue of C$17.40 million during the quarter, compared to analyst estimates of C$17.33 million. On average, sell-side analysts predict that Sylogist Ltd. will post 0.2450829 earnings per share for the current fiscal year.
Sylogist Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, September 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 dividend on an annualized basis and a 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.
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