Sylogist (TSE:SYZ) Price Target Increased to C$12.50 by Analysts at Echelon Wealth Partners

Sylogist (TSE:SYZ) had its price objective increased by Echelon Wealth Partners from C$11.00 to C$12.50 in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Echelon Wealth Partners also issued estimates for Sylogist’s Q1 2024 earnings at $0.04 EPS, Q2 2024 earnings at $0.06 EPS, Q3 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.06 EPS and FY2026 earnings at $0.50 EPS.

Other research analysts have also issued research reports about the company. Paradigm Capital set a C$12.00 target price on Sylogist and gave the company a buy rating in a report on Wednesday, February 14th. Cormark boosted their target price on Sylogist from C$10.50 to C$11.00 in a report on Friday, March 15th. Finally, Stifel Nicolaus set a C$14.00 target price on Sylogist and gave the company a buy rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of Buy and an average target price of C$11.50.

Sylogist Price Performance

SYZ stock opened at C$9.56 on Monday. The company has a debt-to-equity ratio of 47.19, a current ratio of 0.54 and a quick ratio of 0.51. The firm has a market capitalization of C$224.37 million, a P/E ratio of 191.20 and a beta of 0.84. The business’s 50-day moving average is C$8.91 and its two-hundred day moving average is C$7.87. Sylogist has a 1 year low of C$5.40 and a 1 year high of C$9.96.

Sylogist (TSE:SYZ) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.04). Sylogist had a net margin of 1.68% and a return on equity of 2.84%. The business had revenue of C$16.17 million during the quarter, compared to analysts’ expectations of C$16.43 million. Analysts anticipate that Sylogist will post 0.2047516 earnings per share for the current fiscal year.

Sylogist Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Wednesday, February 28th. Sylogist’s payout ratio is 80.00%.

Sylogist Company Profile

Sylogist Ltd., a software company, provides software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company manages IT services, business applications, and Web portals. The company was incorporated in 1993 and is headquartered in Calgary, Canada.