Enghouse Systems (TSE:ENGH) Given New C$40.00 Price Target at Royal Bank of Canada

Enghouse Systems (TSE:ENGH - Free Report) had its price objective reduced by Royal Bank of Canada from C$43.00 to C$40.00 in a research note released on Monday morning,BayStreet.CA reports.

Separately, TD Securities lowered their price objective on Enghouse Systems from C$34.00 to C$29.00 and set a "hold" rating on the stock in a research report on Monday.

Enghouse Systems Price Performance

Shares of ENGH stock traded down C$0.04 on Monday, hitting C$27.32. 244,009 shares of the stock traded hands, compared to its average volume of 71,951. The firm has a market cap of C$1.51 billion, a price-to-earnings ratio of 17.97, a PEG ratio of -4.19 and a beta of 0.67. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.69 and a quick ratio of 1.84. The firm has a 50 day simple moving average of C$30.44 and a two-hundred day simple moving average of C$30.26. Enghouse Systems has a 52 week low of C$27.00 and a 52 week high of C$38.47.

Enghouse Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, November 15th. This represents a $1.04 annualized dividend and a yield of 3.81%. Enghouse Systems's payout ratio is presently 68.42%.

Insider Buying and Selling

In related news, Senior Officer Vincent Mifsud sold 83,800 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$32.15, for a total transaction of C$2,694,170.00. 21.95% of the stock is owned by corporate insiders.

Enghouse Systems Company Profile

Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various types of interactions, including voice, email, web chats, text, and video.