Sylogist Ltd. Plans Quarterly Dividend of $0.01 (TSE:SYZ)

Sylogist Ltd. (TSE:SYZ) announced a quarterly dividend on Friday, November 29th,Zacks Dividends reports. Stockholders of record on Wednesday, December 11th will be paid a dividend of 0.01 per share on Wednesday, December 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Friday, November 29th.

Sylogist Price Performance

Shares of SYZ opened at C$10.05 on Thursday. The company has a debt-to-equity ratio of 53.47, a current ratio of 0.45 and a quick ratio of 0.51. Sylogist has a 1-year low of C$6.51 and a 1-year high of C$11.60. The stock has a market cap of C$234.67 million, a PE ratio of 1,005.00 and a beta of 0.82. The firm has a fifty day moving average price of C$10.88 and a 200 day moving average price of C$10.48.

Wall Street Analysts Forecast Growth

SYZ has been the subject of a number of research analyst reports. Acumen Capital set a C$13.25 target price on Sylogist in a research report on Friday, August 9th. Cormark increased their price objective on Sylogist from C$12.25 to C$14.00 in a report on Friday, August 9th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sylogist has an average rating of “Buy” and a consensus target price of C$12.96.

Insiders Place Their Bets

In other Sylogist news, Director Taylor Gray sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$10.81, for a total value of C$108,100.00. 3.34% of the stock is owned by insiders.

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.