Scotiabank Boosts Enghouse Systems (TSE:ENGH) Price Target to C$74.00

Enghouse Systems (TSE:ENGH) had its price target raised by Scotiabank from C$69.00 to C$74.00 in a research note released on Monday, BayStreet.CA reports.

Several other analysts have also recently weighed in on ENGH. CIBC lifted their price objective on Enghouse Systems from C$79.00 to C$98.00 in a research report on Thursday, July 16th. Royal Bank of Canada lifted their price target on Enghouse Systems from C$75.00 to C$88.00 and gave the company an outperform rating in a research report on Thursday, September 3rd. Finally, TD Securities boosted their target price on shares of Enghouse Systems from C$59.00 to C$75.00 and gave the company a buy rating in a report on Monday, June 8th.

Shares of TSE:ENGH opened at C$69.14 on Monday. Enghouse Systems has a 1 year low of C$34.77 and a 1 year high of C$80.91. The company has a market cap of $3.82 billion and a PE ratio of 40.67. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.56 and a quick ratio of 1.50. The stock’s 50-day moving average is C$74.45 and its 200 day moving average is C$62.00.

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

In related news, Director Paul James Stoyan sold 3,000 shares of the stock in a transaction on Friday, June 19th. The stock was sold at an average price of C$70.00, for a total transaction of C$210,000.00. Following the sale, the director now directly owns 77,900 shares of the company’s stock, valued at C$5,453,000. Also, Senior Officer Douglas Craig Bryson sold 20,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of C$70.82, for a total value of C$1,416,400.00. Following the completion of the transaction, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately C$1,062,300. In the last quarter, insiders have 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.

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