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

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

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 transaction 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 stock was 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 stock was 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 shares were sold at an average price of C$33.00, for a total transaction of C$56,100.00.

Tecsys Trading Down 1.2%

TSE TCS traded down C$0.46 during trading hours on Friday, reaching C$37.00. The company had a trading volume of 2,376 shares, compared to its average volume of 17,358. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.33. The stock has a market capitalization of C$533.43 million, a P/E ratio of 86.05 and a beta of 0.53. The stock has a 50-day moving average of C$33.38 and a 200 day moving average of C$33.62. Tecsys Inc. has a 1-year low of C$22.51 and a 1-year high of C$39.71.

Tecsys (TSE:TCS) last released its quarterly earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share (EPS) for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. The business had revenue of C$50.05 million for the quarter. As a group, research analysts anticipate that Tecsys Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on TCS shares. TD set a C$39.00 price target on shares of Tecsys and gave the stock a “buy” rating in a report on Wednesday, July 8th. National Bank Financial raised their price target on Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. TD Securities raised Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. Canaccord Genuity Group raised Tecsys to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, ATB Cormark Capital Markets increased their price objective on Tecsys from C$41.00 to C$46.00 and gave the company an “outperform” rating in a report on Monday, September 21st. 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’s stock. According to MarketBeat, Tecsys currently has an average rating of “Buy” and an average price target 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.