Tecsys (TSE:TCS) Director Sells C$10,701.00 in Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 300 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$35.67, for a total transaction of C$10,701.00. Following the completion of the sale, the director directly owned 721,972 shares of the company’s stock, valued at approximately C$25,752,741.24. This trade represents a 0.04% decrease in their position.

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

• 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 transaction of C$7,100.00.
• On Friday, June 5th, David Brereton sold 100 shares of Tecsys stock. The stock was sold at an average price of C$36.12, for a total transaction of C$3,612.00.

Tecsys Trading Down 0.9%

Tecsys stock traded down C$0.31 during midday trading on Friday, reaching C$35.79. 9,215 shares of the stock traded hands, compared to its average volume of 24,365. The company has a 50-day simple moving average of C$33.65 and a two-hundred day simple moving average of C$30.72. Tecsys Inc. has a 12-month low of C$22.51 and a 12-month high of C$41.23. The firm has a market cap of C$523.97 million, a PE ratio of 89.48 and a beta of 0.81. The company has a current ratio of 1.19, a quick ratio of 1.40 and a debt-to-equity ratio of 7.68.

Tecsys (TSE:TCS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%.The company had revenue of C$48.50 million during the quarter. Research analysts expect that Tecsys Inc. will post 0.4600739 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TCS. ATB Cormark Capital Markets raised Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 target price for the company in a research note on Friday, March 6th. Canadian Imperial Bank of Commerce dropped their price objective on Tecsys from C$50.00 to C$40.00 in a research note on Thursday, March 5th. Stifel Nicolaus downgraded Tecsys from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$48.00 to C$28.50 in a research note on Thursday, February 12th. Finally, National Bank Financial raised Tecsys from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$40.30.

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.