Enghouse Systems (TSE:ENGH) Price Target Cut to C$34.00 by Analysts at TD Securities

Enghouse Systems (TSE:ENGH) had its price objective reduced by TD Securities from C$35.00 to C$34.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Enghouse Systems Trading Down 2.3 %

Shares of ENGH opened at C$30.46 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.79 and a quick ratio of 1.84. Enghouse Systems has a 12 month low of C$27.00 and a 12 month high of C$38.47. The stock has a market cap of C$1.69 billion, a PE ratio of 22.90, a P/E/G ratio of -4.19 and a beta of 0.67. The stock’s 50-day moving average is C$29.64 and its two-hundred day moving average is C$32.84.

Enghouse Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 31st were issued a dividend of $0.26 per share. This is a positive change from Enghouse Systems’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Thursday, May 16th. Enghouse Systems’s dividend payout ratio (DPR) is currently 78.20%.

Insiders Place Their Bets

In related news, Senior Officer Timothy Peters sold 1,500 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of C$30.34, for a total transaction of C$45,510.00. Following the completion of the sale, the insider now owns 125 shares of the company’s stock, valued at approximately C$3,792.50. In other Enghouse Systems news, Senior Officer Robert Medved sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of C$30.28, for a total value of C$302,810.00. Also, Senior Officer Timothy Peters sold 1,500 shares of Enghouse Systems stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of C$30.34, for a total value of C$45,510.00. Following the sale, the insider now directly owns 125 shares in the company, valued at approximately C$3,792.50. 21.95% of the stock is currently owned by company insiders.

About Enghouse Systems

Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various types of interactions, including voice, email, web chats, text, and video.