Computer Modelling Group Ltd. (TSE:CMG) Announces $0.05 Quarterly Dividend

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Investors of record on Thursday, September 5th will be given a dividend of 0.05 per share on Friday, September 13th. This represents a $0.20 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, September 5th.

Computer Modelling Group Stock Performance

TSE:CMG traded down C$0.26 during trading hours on Friday, hitting C$12.28. 5,719 shares of the company traded hands, compared to its average volume of 114,615. The stock has a market capitalization of C$997.50 million, a price-to-earnings ratio of 43.24, a P/E/G ratio of 1.97 and a beta of 1.14. Computer Modelling Group has a twelve month low of C$6.85 and a twelve month high of C$14.73. The firm has a 50-day moving average of C$13.46 and a 200 day moving average of C$11.43. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported C$0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.02. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The company had revenue of C$32.29 million during the quarter, compared to analysts’ expectations of C$31.30 million. On average, analysts forecast that Computer Modelling Group will post 0.3502392 EPS for the current year.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$13.50, for a total value of C$135,000.00. In related news, Director Kenneth Michael Dedeluk sold 5,000 shares of the firm’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of C$12.15, for a total value of C$60,750.00. Also, Senior Officer Long X. Nghiem sold 10,000 shares of Computer Modelling Group stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$13.50, for a total transaction of C$135,000.00. Over the last three months, insiders sold 143,400 shares of company stock valued at $1,865,633. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. National Bankshares increased their target price on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Echelon Wealth Partners increased their target price on shares of Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. CIBC increased their target price on shares of Computer Modelling Group from C$13.50 to C$15.00 in a research report on Thursday. Ventum Financial increased their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Raymond James set a C$15.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.25.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.