Enghouse Systems (TSE:ENGH) Shares Up 1% - Still a Buy?

Enghouse Systems Limited (TSE:ENGH - Get Free Report) shot up 1% during mid-day trading on Tuesday . The stock traded as high as C$23.65 and last traded at C$23.40. 132,430 shares changed hands during trading, an increase of 12% from the average session volume of 118,185 shares. The stock had previously closed at C$23.16.

Analyst Ratings Changes

Several brokerages have recently issued reports on ENGH. Royal Bank Of Canada lowered their price objective on shares of Enghouse Systems from C$30.00 to C$26.00 and set a "sector perform" rating for the company in a research note on Monday, June 9th. CIBC lowered their price objective on shares of Enghouse Systems from C$30.00 to C$25.50 and set a "neutral" rating for the company in a research note on Monday, June 9th.

Enghouse Systems Stock Down 1.2%

The firm's fifty day moving average price is C$24.47 and its 200-day moving average price is C$25.58. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.84. The firm has a market capitalization of C$1.30 billion, a P/E ratio of 16.08, a PEG ratio of -4.19 and a beta of 0.67.

Enghouse Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Enghouse Systems's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 5.12%. Enghouse Systems's dividend 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.