Tracy Edkins Purchases 3,222 Shares of Sylogist Ltd. (TSE:SYZ) Stock

Sylogist Ltd. (TSE:SYZ) Director Tracy Edkins purchased 3,222 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was bought at an average cost of C$9.31 per share, with a total value of C$29,996.82.

Sylogist Trading Up 0.4 %

Shares of SYZ stock opened at C$9.24 on Thursday. The company’s 50-day moving average price is C$9.01 and its 200-day moving average price is C$7.93. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 47.19. The stock has a market cap of C$216.86 million, a price-to-earnings ratio of 184.80 and a beta of 0.84. Sylogist Ltd. has a twelve month low of C$5.40 and a twelve month high of C$9.96.

Sylogist (TSE:SYZ) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.04). The firm had revenue of C$16.17 million for the quarter, compared to analyst estimates of C$16.43 million. Sylogist had a net margin of 1.68% and a return on equity of 2.84%. As a group, equities analysts predict that Sylogist Ltd. will post 0.2047516 earnings per share for the current year.

Sylogist Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were given a $0.01 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.43%. Sylogist’s payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a C$14.00 target price on shares of Sylogist and gave the stock a “buy” rating in a report on Thursday, February 1st. Echelon Wealth Partners upped their target price on shares of Sylogist from C$11.00 to C$12.50 and gave the stock a “buy” rating in a report on Monday, April 15th. Paradigm Capital set a C$12.00 target price on shares of Sylogist and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Cormark upped their target price on shares of Sylogist from C$10.50 to C$11.00 in a report on Friday, March 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$11.50.

About Sylogist

Sylogist Ltd., a software company, provides software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company manages IT services, business applications, and Web portals. The company was incorporated in 1993 and is headquartered in Calgary, Canada.