Dye & Durham Limited (TSE:DND) Receives Average Recommendation of “Buy” from Brokerages

Dye & Durham Limited (TSE:DND) has been given an average rating of “Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is C$24.71.

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. CIBC lifted their price objective on shares of Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. BMO Capital Markets upped their target price on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group decreased their price target on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research note on Wednesday, December 18th.

Insider Transactions at Dye & Durham

In other Dye & Durham news, Director Eric Shahinian bought 12,300 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total transaction of C$19,150,000.00. Company insiders own 25.60% of the company’s stock.

Dye & Durham Trading Up 0.5 %

Shares of DND stock opened at C$15.83 on Friday. The stock has a market cap of C$1.06 billion, a P/E ratio of -5.40 and a beta of 2.09. Dye & Durham has a 1 year low of C$10.92 and a 1 year high of C$22.59. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. The stock has a 50 day simple moving average of C$18.32 and a 200 day simple moving average of C$15.94.

Dye & Durham (TSE:DND) last released its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The company had revenue of C$119.93 million for the quarter, compared to the consensus estimate of C$120.30 million. On average, research analysts predict that Dye & Durham will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.019 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.48%. Dye & Durham’s dividend payout ratio is currently -2.73%.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.