ATB Cormark Capital Markets Has Lowered Expectations for Sylogist (TSE:SYZ) Stock Price

Sylogist (TSE:SYZ) had its price objective lowered by equities research analysts at ATB Cormark Capital Markets from C$6.00 to C$5.50 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 47.06% from the stock’s current price.

Separately, Ventum Financial cut Sylogist from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$7.00 to C$4.75 in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$5.00.

Sylogist Price Performance

Sylogist stock traded up C$0.02 during trading on Monday, reaching C$3.74. The company had a trading volume of 10,501 shares, compared to its average volume of 97,216. The firm has a market capitalization of C$87.12 million, a PE ratio of -11.69 and a beta of 0.39. The firm’s 50-day simple moving average is C$3.68 and its 200 day simple moving average is C$4.20. The company has a debt-to-equity ratio of 70.73, a quick ratio of 0.51 and a current ratio of 0.76. Sylogist has a 1-year low of C$3.03 and a 1-year high of C$9.89.

Sylogist (TSE:SYZ) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C($0.16) earnings per share for the quarter. The company had revenue of C$14.74 million for the quarter. Sylogist had a negative return on equity of 24.29% and a negative net margin of 12.41%. As a group, equities research analysts anticipate that Sylogist will post 0.2447905 earnings per share for the current fiscal year.

Insider Activity at Sylogist

In other Sylogist news, Director Andrew Anthony Shen purchased 689,175 shares of the stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of C$3.70 per share, for a total transaction of C$2,549,947.50. Following the acquisition, the director owned 916,875 shares in the company, valued at C$3,392,437.50. This trade represents a 302.67% increase in their position. Over the last quarter, insiders acquired 692,775 shares of company stock valued at $2,563,128. Corporate insiders own 3.34% of the company’s stock.

Sylogist Company Profile

Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers across the government, nonprofit, and education market segments. The Company’s stock is traded on the Toronto Stock Exchange under the symbol SYZ. Information about Sylogist, inclusive of full financial statements together with Management’s Discussion and Analysis, can be found at sedarplus.ca or at sylogist.com.