Enghouse Systems (TSE:ENGH) Stock Price Up 0.2% - Should You Buy?

Key Points

• Enghouse Systems' stock price increased by 0.2%, closing at C$22.79 with a trading volume that surpassed its average, indicating positive market interest.
• Analysts from CIBC and Royal Bank of Canada have lowered their price targets for Enghouse Systems, now forecasting prices of C$25.50 and C$26.00 respectively, and both have issued neutral or sector perform ratings.
• The company announced a quarterly dividend of $0.30 per share, which is set to be paid on August 29, representing an annual dividend yield of 5.3% and a payout ratio of 71.32%.

Enghouse Systems Limited (TSE:ENGH - Get Free Report) shares traded up 0.2% during trading on Tuesday . The company traded as high as C$22.94 and last traded at C$22.79. 162,967 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 119,134 shares. The stock had previously closed at C$22.75.

Wall Street Analysts Forecast Growth

ENGH has been the topic of a number of recent analyst reports. CIBC cut their target price on Enghouse Systems from C$30.00 to C$25.50 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Royal Bank Of Canada reduced their price target on shares of Enghouse Systems from C$30.00 to C$26.00 and set a "sector perform" rating on the stock in a research report on Monday, June 9th.

Enghouse Systems Trading Up 0.2%

The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The business has a 50-day moving average of C$23.71 and a 200-day moving average of C$25.26. The stock has a market cap of C$1.27 billion, a price-to-earnings ratio of 15.63, a PEG ratio of -4.19 and a beta of 0.67.

Enghouse Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 5.3%. Enghouse Systems's dividend payout ratio is 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.

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