Enghouse Systems (TSE:ENGH) Price Target Cut to C$31.00 by Analysts at CIBC

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

A number of other research firms have also recently weighed in on ENGH. Royal Bank of Canada lowered their price target on shares of Enghouse Systems from C$43.00 to C$40.00 in a research note on Monday. TD Securities lowered their target price 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 Stock Down 2.2 %

ENGH opened at C$27.21 on Monday. The business has a 50 day simple moving average of C$30.33 and a 200-day simple moving average of C$30.25. Enghouse Systems has a 12 month low of C$27.00 and a 12 month high of C$38.47. The stock has a market capitalization of C$1.51 billion, a P/E ratio of 17.90, a P/E/G ratio of -4.19 and a beta of 0.67. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.69 and a quick ratio of 1.84.

Enghouse Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Friday, November 15th. Enghouse Systems’s dividend payout ratio is currently 68.42%.

Insider Transactions at Enghouse Systems

In other Enghouse Systems news, Senior Officer Vincent Mifsud sold 83,800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$32.15, for a total transaction of C$2,694,170.00. Corporate 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.