Absolute Software (TSE:ABT) had its price target raised by TD Securities from C$8.50 to C$9.00 in a research note published on Tuesday, February 5th. TD Securities currently has a hold rating on the stock.
Other equities research analysts also recently issued research reports about the stock. National Bank Financial raised their price objective on shares of Absolute Software from C$7.50 to C$8.00 and gave the company a sector perform rating in a research report on Monday, November 5th. BMO Capital Markets increased their target price on shares of Absolute Software from C$8.00 to C$8.50 in a report on Monday, November 5th.
Shares of ABT stock traded up C$0.03 during mid-day trading on Tuesday, hitting C$9.19. 705,200 shares of the stock were exchanged, compared to its average volume of 160,458. Absolute Software has a 12-month low of C$6.06 and a 12-month high of C$9.25. The firm has a market cap of $373.43 million and a price-to-earnings ratio of 57.44.
Absolute Software (TSE:ABT) last announced its earnings results on Monday, February 4th. The company reported C$0.05 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.01. The business had revenue of C$32.31 million for the quarter, compared to analyst estimates of C$32.09 million. On average, research analysts forecast that Absolute Software will post 0.219999998078603 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 27th. Shareholders of record on Wednesday, February 6th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 5th. This represents a $0.32 dividend on an annualized basis and a yield of 3.48%. Absolute Software’s dividend payout ratio (DPR) is presently 155.94%.
In other news, Senior Officer Mark Grace sold 4,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of C$8.92, for a total transaction of C$37,910.00. Following the completion of the transaction, the insider now directly owns 1,920 shares of the company’s stock, valued at approximately C$17,126.40. Also, Senior Officer Errol Olsen sold 28,863 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of C$8.75, for a total transaction of C$252,551.25. Following the transaction, the insider now directly owns 101,282 shares of the company’s stock, valued at C$886,217.50. Over the last ninety days, insiders sold 42,069 shares of company stock valued at $370,707.
Absolute Software Company Profile
Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.
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