Enghouse Systems (TSE:ENGH) Price Target Cut to C$40.00 by Analysts at Royal Bank of Canada

Enghouse Systems (TSE:ENGH) had its price target trimmed by Royal Bank of Canada from C$43.00 to C$40.00 in a research report report published on Monday,BayStreet.CA reports.

Separately, 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 note on Monday.

Enghouse Systems Stock Performance

Shares of Enghouse Systems stock opened at C$27.32 on Monday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.69 and a quick ratio of 1.84. The firm has a 50 day simple moving average of C$30.44 and a 200 day simple moving average of C$30.26. Enghouse Systems has a fifty-two week low of C$27.00 and a fifty-two week high of C$38.47. The firm has a market cap of C$1.51 billion, a P/E ratio of 17.97, a P/E/G ratio of -4.19 and a beta of 0.67.

Enghouse Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 15th. Enghouse Systems’s dividend payout ratio is 68.42%.

Insider Buying and Selling

In other Enghouse Systems news, Senior Officer Vincent Mifsud sold 83,800 shares of the stock in a transaction dated Monday, October 7th. The stock was 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 currently owned by insiders.

About Enghouse Systems

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.