Sylogist (TSE:SYZ) Shares Up 1.7% – Should You Buy?

by · The Cerbat Gem

Shares of Sylogist Ltd. (TSE:SYZ – Get Free Report) shot up 1.7% during trading on Tuesday . The stock traded as high as C$10.89 and last traded at C$10.87. 32,003 shares were traded during trading, a decline of 29% from the average session volume of 45,115 shares. The stock had previously closed at C$10.69.

Analysts Set New Price Targets

Several research firms recently commented on SYZ. Cormark raised their price target on shares of Sylogist from C$12.25 to C$14.00 in a report on Friday, August 9th. Canaccord Genuity Group raised their price target on shares of Sylogist from C$10.00 to C$12.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Ventum Cap Mkts upgraded shares of Sylogist to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, Acumen Capital set a C$13.25 target price on shares of Sylogist in a research note on Friday, August 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$12.96.

Check Out Our Latest Report on Sylogist

Sylogist Price Performance

The stock’s 50-day moving average is C$11.10 and its 200-day moving average is C$10.09. The firm has a market cap of C$256.85 million, a P/E ratio of 1,100.00 and a beta of 0.82. The company has a quick ratio of 0.51, a current ratio of 0.45 and a debt-to-equity ratio of 53.47.

Sylogist (TSE:SYZ – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.06). The business had revenue of C$17.40 million during the quarter, compared to the consensus estimate of C$17.33 million. Sylogist had a net margin of 0.34% and a return on equity of 0.61%. As a group, equities analysts anticipate that Sylogist Ltd. will post 0.2447905 EPS for the current fiscal year.

Sylogist Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Friday, August 30th. Sylogist’s dividend payout ratio (DPR) is presently 400.00%.

Sylogist Company Profile

(Get Free Report)

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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