Enghouse Systems (TSE:ENGH) Trading Up 0.3% - Time to Buy?

Key Points

• Enghouse Systems Limited's stock price increased by 0.3% to C$20.80 with a noticeable decline in trading volume, down 41% from its average session volume.
• Analysts have lowered their price targets for Enghouse Systems, with Royal Bank of Canada setting a target of C$24.00 and CIBC lowering it to C$25.00, reflecting a predominantly negative outlook.
• The company announced a quarterly dividend of $0.30 per share, representing a 5.8% yield, which is scheduled for payment on November 28th.

Enghouse Systems Limited (TSE:ENGH - Get Free Report) traded up 0.3% during trading on Monday . The company traded as high as C$20.92 and last traded at C$20.80. 80,439 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 137,255 shares. The stock had previously closed at C$20.74.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Enghouse Systems from C$26.00 to C$24.00 and set a "sector perform" rating on the stock in a research report on Monday, September 8th. CIBC dropped their price objective on Enghouse Systems from C$25.50 to C$25.00 and set a "negative" rating on the stock in a report on Monday, September 8th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Enghouse Systems currently has an average rating of "Reduce" and an average price target of C$26.00.

Enghouse Systems Price Performance

The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.84 and a current ratio of 1.81. The company has a market capitalization of C$1.15 billion, a PE ratio of 15.29, a P/E/G ratio of -4.19 and a beta of 0.02. The company's 50-day simple moving average is C$22.18 and its 200-day simple moving average is C$23.86.

Enghouse Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.8%. Enghouse Systems's payout ratio is currently 79.41%.

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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