CIBC Has Lowered Expectations for Enghouse Systems (TSE:ENGH) Stock Price

Enghouse Systems (TSE:ENGH - Free Report) had its price target lowered by CIBC from C$30.00 to C$25.50 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Separately, Royal Bank of Canada lowered shares of Enghouse Systems from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$3,800.00 to C$3,300.00 in a research report on Friday, March 28th.

Enghouse Systems Price Performance

Enghouse Systems stock traded down C$0.08 during mid-day trading on Monday, hitting C$22.98. 250,121 shares of the company were exchanged, compared to its average volume of 109,683. The company has a market capitalization of C$1.28 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The business has a fifty day moving average of C$25.29 and a 200 day moving average of C$26.64. Enghouse Systems has a 1-year low of C$22.61 and a 1-year high of C$34.42. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86.

Enghouse Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 30th were issued a dividend of $0.30 per share. This is a boost from Enghouse Systems's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was Friday, May 16th. Enghouse Systems's payout ratio is currently 71.32%.

Enghouse Systems Company Profile

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm's operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.