David Brereton Sells 1,700 Shares of Tecsys (TSE:TCS) Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 1,700 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the completion of the sale, the director owned 714,572 shares in the company, valued at C$23,580,876. This represents a 0.24% decrease in their position.

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

• On Friday, July 10th, David Brereton sold 200 shares of Tecsys stock. The shares were sold at an average price of C$34.00, for a total transaction 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.
• On Friday, June 12th, David Brereton sold 1,000 shares of Tecsys stock. The shares were sold at an average price of C$36.47, for a total value of C$36,470.00.
• On Friday, June 12th, David Brereton sold 700 shares of Tecsys stock. The stock was sold at an average price of C$36.48, for a total value of C$25,536.00.
• On Friday, June 5th, David Brereton sold 200 shares of Tecsys stock. The stock was sold at an average price of C$35.50, for a total value of C$7,100.00.
• On Friday, June 5th, David Brereton sold 300 shares of Tecsys stock. The shares were sold at an average price of C$35.67, for a total value of C$10,701.00.
• On Friday, June 5th, David Brereton sold 100 shares of Tecsys stock. The shares were sold at an average price of C$36.12, for a total value of C$3,612.00.

Tecsys Stock Down 2.5%

TCS stock opened at C$34.13 on Thursday. The company has a market cap of C$492.63 million, a price-to-earnings ratio of 126.41 and a beta of 0.84. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.40 and a current ratio of 1.12. The business’s 50-day moving average is C$35.00 and its two-hundred day moving average is C$31.03. Tecsys Inc. has a fifty-two week low of C$22.51 and a fifty-two week high of C$39.51.

Tecsys (TSE:TCS) last released its quarterly earnings results on Monday, June 29th. The company reported C($0.02) earnings per share (EPS) for the quarter. Tecsys had a net margin of 2.09% and a return on equity of 5.99%. The firm had revenue of C$50.05 million for the quarter. As a group, analysts forecast that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. TD Securities upgraded shares of Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. National Bank Financial raised shares of Tecsys from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Finally, TD set a C$39.00 price objective on Tecsys and gave the stock a “buy” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$38.70.

About Tecsys

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.