TECSYS Inc. (TSE:TCS) – Investment analysts at Cormark upped their Q3 2018 earnings estimates for TECSYS in a research report issued to clients and investors on Monday. Cormark analyst H. Mak now forecasts that the company will earn $0.11 per share for the quarter, up from their previous forecast of $0.09.
Other equities analysts also recently issued research reports about the stock. Beacon Securities downgraded shares of TECSYS from a “buy” rating to a “hold” rating in a research note on Monday. Laurentian raised their price objective on shares of TECSYS from C$16.00 to C$18.25 in a research report on Monday. Industrial Alliance Securities restated a “buy” rating and issued a C$17.00 price objective on shares of TECSYS in a research report on Wednesday, September 27th. Finally, Laurentian Bank of Canada raised their price objective on shares of TECSYS from C$16.00 to C$18.25 in a research report on Monday.
TECSYS (TCS) traded up C$0.07 on Tuesday, hitting C$16.10. 1,526 shares of the stock traded hands, compared to its average volume of 9,945. TECSYS has a 52-week low of C$9.24 and a 52-week high of C$17.18.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be given a $0.05 dividend. This is a positive change from TECSYS’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, December 20th. TECSYS’s dividend payout ratio (DPR) is 23.68%.
In other news, Director Vernon Lobo sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of C$15.95, for a total value of C$95,700.00. Also, Director Peter Brereton sold 67,920 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of C$14.90, for a total transaction of C$1,012,008.00.
Tecsys Inc is a Canada-based company engaged in the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics and point-of-use. The Company also provides related consulting, education and support services. Its Supply Chain Platform with Visual Content is a technology for optimizing warehouse management operations.
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