Sylogist (TSE:SYZ) Reaches New 12-Month High at $11.60

Sylogist Ltd. (TSE:SYZ - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$11.60 and last traded at C$11.45, with a volume of 5304 shares traded. The stock had previously closed at C$11.48.

Analyst Ratings Changes

Several research firms have recently weighed in on SYZ. Acumen Capital set a C$13.25 target price on shares of 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 research note on Friday, August 9th. Canaccord Genuity Group lifted their target price on Sylogist from C$10.00 to C$12.00 and gave the company a "buy" rating in a research note on Monday, June 17th. Finally, Ventum Cap Mkts upgraded shares of Sylogist to a "strong-buy" rating in a report on Tuesday, July 16th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$12.68.

Sylogist Price Performance

The stock has a 50-day simple moving average of C$10.42 and a 200 day simple moving average of C$9.54. The stock has a market capitalization of C$266.89 million, a P/E ratio of 1,148.00 and a beta of 0.82. The company has a debt-to-equity ratio of 53.47, a quick ratio of 0.51 and a current ratio of 0.45.

Sylogist Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, August 30th. This represents a $0.04 annualized dividend and a yield of 0.35%. Sylogist's dividend payout ratio (DPR) is currently 400.00%.

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.

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