Tecsys (TSE:TCS) Director David Brereton Sells 400 Shares of Company Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 400 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of C$37.00, for a total transaction of C$14,800.00. Following the sale, the director directly owned 703,072 shares of the company’s stock, valued at approximately C$26,013,664. The trade was a 0.06% decrease in their position.

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

• On Friday, September 11th, David Brereton sold 2,400 shares of Tecsys stock. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00.
• On Friday, August 28th, David Brereton sold 600 shares of Tecsys stock. The stock was 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 value of C$15,285.00.
• On Friday, August 21st, David Brereton sold 400 shares of Tecsys stock. The shares were sold at an average price of C$30.43, for a total value 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 value of C$9,123.00.
• On Friday, July 17th, David Brereton sold 1,700 shares of Tecsys stock. The stock was sold at an average price of C$33.00, for a total value of C$56,100.00.

Tecsys Stock Down 1.2%

TSE TCS opened at C$37.00 on Friday. The stock’s 50-day moving average price is C$33.38 and its 200-day moving average price is C$33.62. The company has a quick ratio of 1.40, a current ratio of 1.12 and a debt-to-equity ratio of 8.33. Tecsys Inc. has a 52 week low of C$22.51 and a 52 week high of C$39.71. The company has a market capitalization of C$533.43 million, a P/E ratio of 86.05 and a beta of 0.53.

Tecsys (TSE:TCS) last announced its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company 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%. On average, equities research analysts predict that Tecsys Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TCS shares. TD Securities raised shares of Tecsys to a “strong-buy” rating in a research note on Thursday, July 9th. ATB Cormark Capital Markets increased their price target on Tecsys from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Monday, September 21st. National Bank Financial boosted 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, September 14th. Canaccord Genuity Group raised Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, TD set a C$39.00 target price on Tecsys and gave the company a “buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Tecsys presently has a consensus rating of “Buy” and a consensus target price of C$38.90.

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.