Kevin Boston Sells 6,000 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 6,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of C$14.64, for a total transaction of C$87,840.00. Following the completion of the sale, the insider owned 7,300 shares of the company’s stock, valued at C$106,872. This trade represents a 45.11% decrease in their ownership of the stock.

Kevin Boston also recently made the following trade(s):

• On Friday, August 14th, Kevin Boston sold 2,714 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total transaction of C$40,004.36.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The stock was sold at an average price of C$14.94, for a total transaction of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The stock was sold at an average price of C$14.62, for a total value of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total transaction of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total transaction of C$29,480.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The shares were sold at an average price of C$14.37, for a total transaction of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total value of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.47, for a total value of C$28,940.00.

Pason Systems Trading Down 2.8%

Shares of Pason Systems stock opened at C$14.14 on Wednesday. The stock has a 50 day moving average of C$12.92 and a 200 day moving average of C$13.19. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 10.78 and a beta of 0.43. Pason Systems Inc. has a fifty-two week low of C$11.10 and a fifty-two week high of C$15.47.

Pason Systems (TSE:PSI) last posted its earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%.The company had revenue of C$100.78 million for the quarter. As a group, research analysts predict that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, June 16th. Pason Systems’s payout ratio is 83.87%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD lowered their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada upped their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Finally, TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$15.83.

Key Headlines Impacting Pason Systems

Here are the key news stories impacting Pason Systems this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to C$17 and reiterated an “outperform” rating. The analyst consensus remains “Moderate Buy,” with an average target of C$15.83, implying potential upside from recent trading levels.
• Positive Sentiment: Pason’s quarterly results included C$0.18 in EPS and C$100.78 million in revenue. The company also pays a quarterly dividend of C$0.13, equivalent to an annualized C$0.52 and an approximately 3.6% yield.
• Neutral Sentiment: TD previously lowered its price target from C$18 to C$15 and assigned a “hold” rating, highlighting a more cautious view despite the broader analyst consensus. Pason Systems insider trading and analyst information
• Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for about C$1.35 million on August 13–14. The transactions substantially reduced several executives’ holdings and may weigh on investor sentiment, particularly because the sales occurred near the stock’s 12-month high.
• Negative Sentiment: Jonathan Faber sold 45,000 shares, cutting his position by 51.72%; Bryce Mclean sold 19,477 shares across two transactions; Lars Olesen sold 13,000 shares; Russell Smith sold 6,500 shares; and Kevin Boston sold 8,714 shares across two transactions. While insider sales can reflect personal liquidity or diversification rather than deteriorating business conditions, their concentration is the clearest negative catalyst in the recent news flow. Kevin Boston sells Pason Systems shares

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.