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 lowered by Royal Bank of Canada from C$43.00 to C$40.00 in a research note released on Monday,BayStreet.CA reports.

Separately, TD Securities reduced their price objective on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating on the stock in a research report on Monday.

Enghouse Systems Trading Down 2.2 %

ENGH stock opened at C$27.21 on Monday. The firm’s fifty day simple moving average is C$30.33 and its two-hundred day simple moving average is C$30.25. The stock has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The company has a quick ratio of 1.84, a current ratio of 1.69 and a debt-to-equity ratio of 2.29. Enghouse Systems has a twelve month low of C$27.00 and a twelve month high of C$38.47.

Enghouse Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid 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 yield of 3.82%. Enghouse Systems’s payout ratio is 68.42%.

Insider Activity

In related news, Senior Officer Vincent Mifsud sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$32.87, for a total value of C$532,494.00. Insiders own 21.95% of the company’s stock.

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.