Enghouse Systems (TSE:ENGH) Given New C$31.00 Price Target at CIBC

Enghouse Systems (TSE:ENGH) had its price target decreased by CIBC from C$37.00 to C$31.00 in a research report released on Monday,BayStreet.CA reports.

Other research analysts have also issued reports about the company. TD Securities lowered their target price on Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating for the company in a research report on Monday. Royal Bank of Canada dropped their target price on shares of Enghouse Systems from C$43.00 to C$40.00 in a research report on Monday.

Enghouse Systems Price Performance

Shares of ENGH opened at C$27.32 on Monday. The company has a quick ratio of 1.84, a current ratio of 1.69 and a debt-to-equity ratio of 2.29. The stock has a market cap of C$1.51 billion, a PE ratio of 17.97, a PEG ratio of -4.19 and a beta of 0.67. Enghouse Systems has a 12-month low of C$27.00 and a 12-month high of C$38.47. The business has a 50-day simple moving average of C$30.44 and a two-hundred day simple moving average of C$30.26.

Enghouse Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.81%. Enghouse Systems’s dividend payout ratio is presently 68.42%.

Insider Activity at Enghouse Systems

In other news, Senior Officer Vincent Mifsud sold 83,800 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$32.15, for a total value of C$2,694,170.00. 21.95% of the stock is owned by insiders.

Enghouse Systems Company Profile

Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various types of interactions, including voice, email, web chats, text, and video.