Shares of Enghouse Systems Limited (TSE:ENGH) hit a new 52-week high on Monday after Royal Bank of Canada raised their price target on the stock from C$65.00 to C$72.00. Royal Bank of Canada currently has an outperform rating on the stock. Enghouse Systems traded as high as C$67.65 and last traded at C$67.53, with a volume of 26513 shares changing hands. The stock had previously closed at C$64.57.
ENGH has been the topic of several other reports. TD Securities set a C$74.00 price objective on shares of Enghouse Systems and gave the company a “buy” rating in a research report on Tuesday, January 30th. Scotiabank lifted their price objective on shares of Enghouse Systems from C$62.00 to C$66.00 and gave the company a “sector perform” rating in a research report on Monday.
In related news, insider Stephen Sadler sold 2,100 shares of Enghouse Systems stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of C$62.00, for a total value of C$130,200.00. Over the last quarter, insiders sold 62,200 shares of company stock worth $3,856,400.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.64 annualized dividend and a yield of 0.95%. Enghouse Systems’s payout ratio is 36.69%.
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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 designed to enhance customer service, enhance efficiency, and manage customer communications across the enterprise.
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