Enghouse Systems (TSE:ENGH) Stock Price Up 0.1% – Here’s Why

Enghouse Systems Limited (TSE:ENGH) shares rose 0.1% during mid-day trading on Monday . The stock traded as high as C$21.08 and last traded at C$21.01. Approximately 159,448 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 141,942 shares. The stock had previously closed at C$20.98.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank Of Canada cut their price target on Enghouse Systems from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a report on Monday, September 8th. CIBC dropped their target price on shares of Enghouse Systems from C$25.50 to C$25.00 and set a “negative” rating on the stock in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of C$26.00.

Enghouse Systems Stock Performance

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 company has a fifty day moving average price of C$20.96 and a 200 day moving average price of C$22.94. The stock has a market cap of C$1.16 billion, a P/E ratio of 15.45, a P/E/G ratio of -4.19 and a beta of -0.23.

Enghouse Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, November 14th. Enghouse Systems’s payout ratio is 79.41%.

About Enghouse Systems

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.