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

Sylogist Ltd. (TSE:SYZ - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Wednesday, December 11th will be given a dividend of 0.01 per share on Sunday, December 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, December 11th.

Sylogist Stock Down 2.9 %

Shares of TSE SYZ traded down C$0.32 during midday trading on Friday, reaching C$10.57. 30,650 shares of the company's stock traded hands, compared to its average volume of 45,242. The company has a market cap of C$246.81 million, a price-to-earnings ratio of 1,089.00 and a beta of 0.82. Sylogist has a one year low of C$6.51 and a one year high of C$11.60. The company has a quick ratio of 0.51, a current ratio of 0.45 and a debt-to-equity ratio of 53.47. The stock's 50 day simple moving average is C$11.04 and its 200-day simple moving average is C$10.33.

Sylogist (TSE:SYZ - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.05 by C($0.06). The company had revenue of C$17.40 million during the quarter, compared to analysts' expectations of C$17.33 million. Sylogist had a return on equity of 0.61% and a net margin of 0.34%. On average, analysts predict that Sylogist will post 0.2447905 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on SYZ shares. Acumen Capital set a C$13.25 price target on Sylogist in a research note on Friday, August 9th. Cormark raised their price target on shares of Sylogist from C$12.25 to C$14.00 in a research report on Friday, August 9th. Finally, Ventum Cap Mkts upgraded Sylogist to a "strong-buy" rating in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$12.96.

Insider Buying and Selling

In other Sylogist news, Director Taylor Gray sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$10.81, for a total transaction 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.