Sylogist (TSE:SYZ) Price Target Raised to C$12.50

Sylogist (TSE:SYZ) had its target price hoisted by Echelon Wealth Partners from C$11.00 to C$12.50 in a research note issued to investors on Monday, BayStreet.CA reports. Echelon Wealth Partners currently has a buy rating on the stock. Echelon Wealth Partners also issued estimates for Sylogist’s Q1 2024 earnings at $0.04 EPS, Q2 2024 earnings at $0.06 EPS, Q3 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.06 EPS and FY2026 earnings at $0.50 EPS.

SYZ has been the topic of a number of other reports. Cormark raised their price target on Sylogist from C$10.50 to C$11.00 in a research note on Friday, March 15th. Stifel Nicolaus set a C$14.00 price target on Sylogist and gave the company a buy rating in a research note on Thursday, February 1st. Finally, Paradigm Capital set a C$12.00 price target on Sylogist and gave the company a buy rating in a research note on Wednesday, February 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$11.50.

Sylogist Trading Down 2.6 %

TSE:SYZ opened at C$9.31 on Monday. The firm has a market cap of C$218.51 million, a PE ratio of 186.20 and a beta of 0.84. The stock has a fifty day moving average price of C$8.93 and a 200 day moving average price of C$7.88. Sylogist has a 12-month low of C$5.40 and a 12-month high of C$9.96. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 47.19.

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 company had revenue of C$16.17 million during the quarter, compared to analysts’ expectations of C$16.43 million. Sylogist had a net margin of 1.68% and a return on equity of 2.84%. Sell-side analysts anticipate that Sylogist will post 0.2047516 earnings per share for the current fiscal year.

Sylogist Dividend Announcement

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

Sylogist Company Profile

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.