Tecsys (TSE:TCS) Releases Earnings Results

Tecsys (TSE:TCS) posted its quarterly earnings results on Wednesday. The company reported C$0.12 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$48.50 million during the quarter. Tecsys had a return on equity of 8.05% and a net margin of 2.91%.

Tecsys Trading Up 1.8%

Shares of TSE:TCS opened at C$26.01 on Thursday. The stock’s 50-day simple moving average is C$27.06 and its two-hundred day simple moving average is C$31.96. The stock has a market capitalization of C$383.60 million, a price-to-earnings ratio of 72.25 and a beta of 0.80. Tecsys has a 52-week low of C$22.51 and a 52-week high of C$45.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.40 and a current ratio of 1.25.

Insider Buying and Selling

In related news, Director David Brereton sold 800 shares of Tecsys stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the transaction, the director directly owned 737,772 shares in the company, valued at approximately C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. Over the last quarter, insiders sold 2,100 shares of company stock valued at $67,521. 17.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on TCS shares. Stifel Nicolaus lowered Tecsys from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$48.00 to C$28.50 in a research report on Thursday, February 12th. National Bank Financial lifted their price target on shares of Tecsys from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.63.

Tecsys Company Profile

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.