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

Sylogist Ltd. (TSE:SYZ) announced a quarterly dividend on Friday, November 29th,Zacks Dividends reports. Investors of record on Wednesday, December 11th will be given a dividend of 0.01 per share on Wednesday, December 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, November 29th.

Sylogist Stock Up 0.5 %

SYZ traded up C$0.05 on Wednesday, hitting C$10.05. The company had a trading volume of 11,670 shares, compared to its average volume of 45,220. The company has a debt-to-equity ratio of 53.47, a current ratio of 0.45 and a quick ratio of 0.51. Sylogist has a 52-week low of C$6.51 and a 52-week high of C$11.60. The stock has a fifty day simple moving average of C$10.90 and a 200-day simple moving average of C$10.47. The firm has a market capitalization of C$234.67 million, a P/E ratio of 1,000.00 and a beta of 0.82.

Insider Activity

In related news, Director Taylor Gray sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$10.81, for a total value of C$108,100.00. Company insiders own 3.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Cormark raised their price objective on shares of Sylogist from C$12.25 to C$14.00 in a report on Friday, August 9th. Acumen Capital set a C$13.25 target price on shares of Sylogist in a report on Friday, August 9th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sylogist currently has an average rating of “Buy” and an average target price of C$12.96.

About Sylogist

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.