Hey there. The pullback has definitely made it a bit more attractive. However, on a historical basis it's still trading at a premium in terms of price to sales (29% higher than its 5 year average) and forward price to earnings (13% premium to its 5 year average).
However, analysts do believe the company is going to drive larger growth moving forward, so its valuations seem somewhat justified.
Enghouse is expected to close the year out with revenue in the $517 million range, and analysts expect the company to post revenue of $580 million in 2021. These mark 34% and 50% growth respectively compared to 2019 revenue. Through the first 9 months of 2020, the company has already grown earnings by 50% compared to 2019.
The fact the company has one of the fastest growing dividends in the tech sector makes it a more popular option as well.