Stock Analysis:Enghouse Systems (TSE:ESL) Target Change
In a recent report revealed to investors by RBC Capital Markets on Friday, 18 December, Enghouse Systems (TSE:ESL) had its target raised to $80.00. The firm at present has a solid Outperform rating on shares.
The stock increased 2.25% or $1.66 on December 18, striking $75.6. Approximately 429,042 shares of stock traded hands or 968.49% up from the average. Enghouse Systems Limited (TSE:ESL) has risen 42.66% since May 15, 2015 and is uptrending. It has outperformed by 46.47% the S&P500.
The overall sentiment of institutions has decreased to 0.95 in Q2 2015. Its down 0.02, from 0.97 in 2015Q2. The ratio fall, as 33 institutions have sold all the shares of Enghouse Systems Limited that they owned while 67 funds have taken shares off the table. 18 funds have purchased shares for the first time while 77 added to their positions. These institutions now hold 37.16 million shares or 26.06% more than the 29.48 million shares they owned in 2015Q2.
The Fund Msd Capital L P currently is holding shares equating to 15.23% of its total portfolio in Enghouse Systems Limited representing a total of 1.59 million shares. Another fund,Snyder Capital Management L P, is holding a total of 538,466 shares equating to 2.51% of their holdings. Additionally, North Point Portfolio Managers Corp Oh has a 158,088 share stake in Enghouse Systems Limited which represents 2.27% of their total portfolio. The Fund, First Pacific Advisors Llc, based out of California, has also built up a stake in the stock, which represents a total of 1.96% of their total portfolio. Finally Corsair Capital Management L.P., a fund which is based in the state of New York reported a total holdings of 197,390 shares.
Enghouse Systems Limited is a Canada firm that develops enterprise software solutions. The company has a market cap of $1.84 billion. The Firm has two business divisions: the Interactive Management Group and the Asset Management Group. It has 72.8 P/E ratio. The Interactive Management Group specializes in customer interaction software and services.
According to Zacks Investment Research, “Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. They design, manufacture and market highly engineered products and systems for application within the industries they serve. Their products are found on most military and commercial aircraft, helicopters, and land-based systems. Their sales are diversified across three broad markets: defense, commercial aerospace, and general industrial.”