Sylogist (TSE:SYZ) Sets New 12-Month High at $10.83

Sylogist Ltd. (TSE:SYZ) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$10.83 and last traded at C$10.83, with a volume of 58893 shares traded. The stock had previously closed at C$10.25.

Analyst Ratings Changes

A number of brokerages have recently commented on SYZ. 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 report on Monday, June 17th. Echelon Wealth Partners raised their price objective on Sylogist from C$11.00 to C$12.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Ventum Cap Mkts upgraded shares of Sylogist to a “strong-buy” rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$12.08.

Sylogist Stock Performance

The stock has a 50 day moving average price of C$9.79 and a two-hundred day moving average price of C$9.02. The company has a debt-to-equity ratio of 51.32, a current ratio of 0.48 and a quick ratio of 0.51. The company has a market capitalization of C$253.75 million, a price-to-earnings ratio of 512.50 and a beta of 0.84.

Sylogist (TSE:SYZ) last issued its quarterly earnings data on Thursday, May 9th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.06). Sylogist had a return on equity of 1.27% and a net margin of 0.74%. The company had revenue of C$16.31 million for the quarter, compared to the consensus estimate of C$16.40 million. On average, analysts predict that Sylogist Ltd. will post 0.1501336 EPS for the current fiscal year.

Sylogist Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Friday, May 31st. Sylogist’s dividend payout ratio is 200.00%.

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.