Shares of Enghouse Systems Limited (TSE:ENGH) hit a new 52-week high during trading on Monday after Royal Bank of Canada raised their price target on the stock from C$65.00 to C$72.00. Royal Bank of Canada currently has an outperform rating on the stock. Enghouse Systems traded as high as C$67.65 and last traded at C$67.53, with a volume of 26513 shares. The stock had previously closed at C$64.57.
Other analysts have also issued research reports about the company. Scotiabank raised their price target on Enghouse Systems from C$62.00 to C$66.00 and gave the stock a “sector perform” rating in a research note on Monday. TD Securities set a C$74.00 price target on Enghouse Systems and gave the stock a “buy” rating in a research note on Tuesday, January 30th.
In other Enghouse Systems news, insider Stephen Sadler sold 2,100 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of C$62.00, for a total value of C$130,200.00. In the last quarter, insiders sold 62,200 shares of company stock valued at $3,856,400.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 28th were issued a $0.16 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.64 dividend on an annualized basis and a yield of 0.95%. Enghouse Systems’s dividend payout ratio (DPR) is 32.09%.
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About Enghouse Systems
Enghouse Systems Limited develops and sells enterprise oriented applications software worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services designed to enhance customer service, enhance efficiency, and manage customer communications across the enterprise.
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