LogMeIn Inc (NASDAQ:LOGM) Declares $0.33 Quarterly Dividend

LogMeIn Inc (NASDAQ:LOGM) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Wednesday, November 13th will be given a dividend of 0.325 per share by the software maker on Friday, November 29th. This represents a $1.30 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, November 12th.

LOGM opened at $69.89 on Friday. LogMeIn has a 1 year low of $62.02 and a 1 year high of $96.87. The stock has a market cap of $3.50 billion, a P/E ratio of 15.36, a P/E/G ratio of 3.44 and a beta of 1.07. The firm has a fifty day moving average price of $68.51 and a 200 day moving average price of $72.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.47 and a quick ratio of 0.47.

LogMeIn (NASDAQ:LOGM) last released its earnings results on Thursday, October 24th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.03. LogMeIn had a net margin of 1.20% and a return on equity of 7.37%. The business had revenue of $317.20 million during the quarter, compared to analyst estimates of $316.29 million. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts expect that LogMeIn will post 4.08 EPS for the current year.

In related news, Director Steven J. Benson sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $66.96, for a total value of $66,960.00. Following the completion of the sale, the director now owns 2,223 shares of the company’s stock, valued at $148,852.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter John Sacripanti sold 7,124 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $70.00, for a total transaction of $498,680.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of equities research analysts have recently issued reports on LOGM shares. Barclays dropped their target price on shares of LogMeIn from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Stephens reissued an “equal weight” rating and issued a $77.00 price objective on shares of LogMeIn in a report on Thursday, August 22nd. Robert W. Baird set a $85.00 price objective on shares of LogMeIn and gave the company a “hold” rating in a report on Friday, July 26th. Berenberg Bank started coverage on shares of LogMeIn in a report on Thursday, October 10th. They issued a “buy” rating and a $91.00 price objective for the company. Finally, BidaskClub lowered shares of LogMeIn from a “sell” rating to a “strong sell” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. LogMeIn presently has an average rating of “Hold” and a consensus price target of $88.20.

About LogMeIn

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Dividend History for LogMeIn (NASDAQ:LOGM)

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