Earlier today, Dye & Durham Limited (TSE:DND), a provider of cloud-based legal practice management software, announced that it acquired GhostPractice Inc., another legal practice management software company. GhostPractice is the largest of its kind in South Africa, as it serves approximately 10,000 users in small and medium-sized law firms and has a presence in Canada as well.
Dye & Durham’s CEO expressed that this acquisition not only complements DND’s current products but also extends its global practice management capabilities, aiding its target of increasing recurring contractual revenue. GhostPractice’s features include billing and trust accounting, case management, document management, and more. The financial details of the deal were not reported.
Is Dye & Durham Stock a Buy, According to Analysts?
According to analysts, DND has a Strong Buy consensus rating based on three unanimous Buy ratings. The average Dye & Durham stock price target of C$25.33 implies 54.45% upside potential.
Over the past year, DND stock has fallen by about 21%. See below.
