Enghouse Systems (TSE:ENGH) Shares Up 3.3% – Here’s What Happened

Enghouse Systems Limited (TSE:ENGH) rose 3.3% during trading on Friday . The company traded as high as C$16.17 and last traded at C$16.11. Approximately 160,503 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 250,939 shares. The stock had previously closed at C$15.60.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD reduced their price target on shares of Enghouse Systems from C$17.00 to C$16.00 and set a “hold” rating for the company in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce dropped their price objective on Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a report on Thursday, June 11th. Finally, Royal Bank Of Canada cut their target price on Enghouse Systems from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$17.60.

Enghouse Systems Trading Up 3.3%

The business’s 50-day moving average price is C$16.54 and its 200-day moving average price is C$17.23. The firm has a market capitalization of C$875.92 million, a PE ratio of 12.20, a price-to-earnings-growth ratio of -4.19 and a beta of 0.13. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.77 and a quick ratio of 1.84.

Enghouse Systems (TSE:ENGH) last released its quarterly earnings results on Tuesday, June 9th. The company reported C$0.30 EPS for the quarter. The firm had revenue of C$114.28 million during the quarter. Enghouse Systems had a net margin of 14.88% and a return on equity of 11.97%. As a group, analysts expect that Enghouse Systems Limited will post 1.6991295 earnings per share for the current fiscal year.

Enghouse Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 29th were paid a $0.31 dividend. This is a boost from Enghouse Systems’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Friday, May 15th. Enghouse Systems’s dividend payout ratio (DPR) is presently 90.91%.

Enghouse Systems Company Profile

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.