Sylogist (TSE:SYZ) Given New C$12.50 Price Target at Echelon Wealth Partners

Sylogist (TSE:SYZ) had its price objective increased by Echelon Wealth Partners from C$11.00 to C$12.50 in a research report released on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms have also issued reports on SYZ. Cormark lifted their target price on Sylogist from C$10.50 to C$11.00 in a report on Friday, March 15th. Paradigm Capital set a C$12.00 price target on Sylogist and gave the stock a buy rating in a research note on Wednesday, February 14th. Finally, Stifel Nicolaus set a C$14.00 price target on Sylogist and gave the stock a buy rating in a research note on Thursday, February 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Sylogist has an average rating of Buy and an average target price of C$11.50.

Sylogist Price Performance

Shares of TSE SYZ opened at C$9.67 on Monday. Sylogist has a fifty-two week low of C$5.40 and a fifty-two week high of C$9.96. The firm’s 50-day simple moving average is C$8.85 and its 200 day simple moving average is C$7.84. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 47.19. The stock has a market cap of C$226.95 million, a P/E ratio of 193.40 and a beta of 0.84.

Sylogist (TSE:SYZ) last released its earnings results on Thursday, March 14th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 2.84% and a net margin of 1.68%. Equities analysts expect that Sylogist will post 0.2047516 EPS for the current year.

Sylogist Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.41%. Sylogist’s payout ratio is presently 80.00%.

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.