LogMein, Inc. (NASDAQ:LOGM) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Wednesday, November 8th will be given a dividend of 0.25 per share by the software maker on Friday, November 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 7th.

LogMein (NASDAQ:LOGM) remained flat at $122.05 during midday trading on Friday. 1,944,993 shares of the company traded hands. LogMein has a 52 week low of $86.22 and a 52 week high of $129.51. The stock’s market capitalization is $6.44 billion. The company’s 50-day moving average price is $113.84 and its 200 day moving average price is $112.04.

LogMein (NASDAQ:LOGM) last released its earnings results on Thursday, October 26th. The software maker reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. LogMein had a positive return on equity of 5.42% and a negative net margin of 0.41%. The company had revenue of $269.30 million during the quarter, compared to analyst estimates of $270.56 million. During the same period in the prior year, the company posted $0.56 earnings per share. LogMein’s quarterly revenue was up 216.5% on a year-over-year basis. On average, equities analysts expect that LogMein will post $4.05 earnings per share for the current year.

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In other LogMein news, Director Steven J. Benson sold 3,016 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $111.60, for a total transaction of $336,585.60. Following the sale, the director now owns 1,787 shares in the company, valued at $199,429.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher Battles sold 721 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $117.78, for a total value of $84,919.38. Following the sale, the insider now owns 2,036 shares in the company, valued at approximately $239,800.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,319 shares of company stock worth $7,922,367. Company insiders own 2.50% of the company’s stock.

Several brokerages have weighed in on LOGM. KeyCorp raised LogMein from a “sector weight” rating to an “overweight” rating and set a $135.00 price objective for the company in a report on Friday, July 28th. Piper Jaffray Companies reissued a “buy” rating and set a $170.00 price objective on shares of LogMein in a report on Tuesday. Northland Securities reissued a “buy” rating on shares of LogMein in a report on Friday, July 28th. Zacks Investment Research raised LogMein from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Thursday, August 3rd. Finally, Cowen and Company reissued an “outperform” rating and set a $134.00 price objective (up from $130.00) on shares of LogMein in a report on Sunday, July 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $134.30.

About LogMein

LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.

Dividend History for LogMein (NASDAQ:LOGM)

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