Enghouse Systems Limited (TSE:ENGH) Senior Officer Purchases C$380,700.00 in Stock

Enghouse Systems Limited (TSE:ENGH – Get Rating) Senior Officer Sam Anidjar purchased 15,000 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were purchased at an average cost of C$25.38 per share, for a total transaction of C$380,700.00. Following the transaction, the insider now directly owns 15,000 shares in the company, valued at C$380,700.

TSE ENGH traded up C$0.77 during trading on Thursday, reaching C$26.03. The company’s stock had a trading volume of 182,133 shares, compared to its average volume of 133,329. The firm has a fifty day moving average of C$34.04 and a 200 day moving average of C$40.46. Enghouse Systems Limited has a one year low of C$23.96 and a one year high of C$64.42. The company has a debt-to-equity ratio of 4.78, a current ratio of 1.94 and a quick ratio of 1.86. The stock has a market capitalization of C$1.45 billion and a PE ratio of 15.50.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 31st were issued a $0.185 dividend. This is a boost from Enghouse Systems’s previous quarterly dividend of $0.16. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, May 16th. Enghouse Systems’s dividend payout ratio is presently 39.26%.

A number of brokerages have recently commented on ENGH. CIBC cut Enghouse Systems from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$47.00 to C$33.50 in a research report on Thursday, June 9th. TD Securities decreased their price objective on Enghouse Systems from C$50.00 to C$35.00 and set a “buy” rating on the stock in a research note on Thursday, June 9th. Royal Bank of Canada decreased their price objective on Enghouse Systems from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Thursday, June 9th. Finally, Scotiabank decreased their price objective on Enghouse Systems from C$58.00 to C$51.00 in a research note on Monday, March 7th.

About Enghouse Systems (Get Rating)

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.

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