Tecsys (TSE:TCS) Director Sells C$72,000.00 in Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 2,400 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00. Following the sale, the director directly owned 706,572 shares in the company, valued at approximately C$21,197,160. This represents a 0.34% decrease in their position.

David Brereton also recently made the following trade(s):

• On Friday, August 28th, David Brereton sold 600 shares of Tecsys stock. The shares were sold at an average price of C$30.57, for a total value of C$18,342.00.
• On Friday, August 21st, David Brereton sold 500 shares of Tecsys stock. The shares were sold at an average price of C$30.57, for a total transaction of C$15,285.00.
• On Friday, August 21st, David Brereton sold 400 shares of Tecsys stock. The stock was sold at an average price of C$30.43, for a total transaction of C$12,172.00.
• On Friday, August 21st, David Brereton sold 300 shares of Tecsys stock. The shares were sold at an average price of C$30.41, for a total transaction of C$9,123.00.
• On Friday, July 17th, David Brereton sold 1,700 shares of Tecsys stock. The shares were sold at an average price of C$33.00, for a total value of C$56,100.00.
• On Friday, July 10th, David Brereton sold 200 shares of Tecsys stock. The stock was sold at an average price of C$34.00, for a total value of C$6,800.00.
• On Friday, July 3rd, David Brereton sold 500 shares of Tecsys stock. The shares were sold at an average price of C$31.00, for a total value of C$15,500.00.

Tecsys Stock Up 1.4%

Shares of TSE:TCS opened at C$33.25 on Friday. The firm has a market capitalization of C$479.37 million, a PE ratio of 77.33 and a beta of 0.84. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.40 and a current ratio of 1.12. Tecsys Inc. has a 52-week low of C$22.51 and a 52-week high of C$38.00. The firm has a fifty day moving average of C$32.03 and a 200 day moving average of C$32.48.

Tecsys (TSE:TCS) last announced its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$50.05 million during the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%. As a group, research analysts anticipate that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TCS shares. ATB Cormark Capital Markets upped their price objective on Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research report on Monday. TD Securities raised Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. National Bank Financial increased their price target on shares of Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research report on Monday. Canaccord Genuity Group upgraded shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, TD set a C$39.00 price objective on shares of Tecsys and gave the company a “buy” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$37.90.

Tecsys Company Profile

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.