Royal Bank of Canada Boosts Enghouse Systems (TSE:ENGH) Price Target to C$90.00

Enghouse Systems (TSE:ENGH) had its price target lifted by Royal Bank of Canada from C$88.00 to C$90.00 in a report published on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the company. CIBC increased their price target on Enghouse Systems from C$79.00 to C$98.00 in a research report on Thursday, July 16th. Scotiabank lifted their price target on shares of Enghouse Systems from C$69.00 to C$74.00 in a research note on Monday. Finally, TD Securities increased their price objective on shares of Enghouse Systems from C$59.00 to C$75.00 and gave the company a buy rating in a research report on Monday, June 8th.

Shares of TSE ENGH opened at C$69.14 on Monday. The stock has a market cap of $3.82 billion and a P/E ratio of 40.67. The business’s fifty day simple moving average is C$74.45 and its 200-day simple moving average is C$62.00. Enghouse Systems has a 12-month low of C$34.77 and a 12-month high of C$80.91. The company has a current ratio of 1.56, a quick ratio of 1.50 and a debt-to-equity ratio of 8.00.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 31st were given a dividend of $0.135 per share. The ex-dividend date was Friday, August 14th. This represents a $0.54 annualized dividend and a dividend yield of 0.78%. Enghouse Systems’s dividend payout ratio is currently 27.35%.

In related news, Director Paul James Stoyan sold 400 shares of Enghouse Systems stock in a transaction on Monday, July 20th. The shares were sold at an average price of C$76.55, for a total transaction of C$30,620.00. Following the sale, the director now directly owns 72,500 shares in the company, valued at approximately C$5,549,875. Also, Senior Officer Douglas Craig Bryson sold 20,000 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of C$70.82, for a total transaction of C$1,416,400.00. Following the completion of the sale, the insider now directly owns 15,000 shares of the company’s stock, valued at C$1,062,300. In the last quarter, insiders sold 25,500 shares of company stock worth $1,807,785.

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. Its technologies include contact center, attendant console, interactive voice response, dialers, agent performance optimization, and analytics that support various telephony environment.

Further Reading: Neutral Rating

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