Sylogist Ltd. (TSE:SYZ) Director Tracy Edkins Acquires 3,222 Shares

Sylogist Ltd. (TSE:SYZ) Director Tracy Edkins acquired 3,222 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was bought at an average cost of C$9.31 per share, for a total transaction of C$29,996.82.

Sylogist Stock Performance

Shares of TSE SYZ opened at C$9.20 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 47.19. The business’s 50 day moving average is C$8.99 and its two-hundred day moving average is C$7.93. The company has a market cap of C$215.92 million, a P/E ratio of 184.00 and a beta of 0.84. Sylogist Ltd. has a 12 month low of C$5.40 and a 12 month high of C$9.96.

Sylogist (TSE:SYZ) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.04). The business had revenue of C$16.17 million during the quarter, compared to the consensus estimate of C$16.43 million. Sylogist had a return on equity of 2.84% and a net margin of 1.68%. On average, equities analysts expect that Sylogist Ltd. will post 0.2047516 EPS for the current year.

Sylogist Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Wednesday, February 28th. Sylogist’s dividend payout ratio is presently 80.00%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SYZ shares. Cormark raised their price objective on Sylogist from C$10.50 to C$11.00 in a research note on Friday, March 15th. Stifel Nicolaus set a C$14.00 price objective on Sylogist and gave the company a “buy” rating in a research note on Thursday, February 1st. Echelon Wealth Partners raised their price objective on Sylogist from C$11.00 to C$12.50 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Paradigm Capital set a C$12.00 price objective on Sylogist and gave the company a “buy” rating in a research note on Wednesday, February 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Sylogist has a consensus rating of “Buy” and an average price target of C$11.50.

About Sylogist

Sylogist Ltd., a software company, provides software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company manages IT services, business applications, and Web portals. The company was incorporated in 1993 and is headquartered in Calgary, Canada.