Insider Selling: Pason Systems (TSE:PSI) Insider Sells 2,000 Shares of Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 2,000 shares of Pason Systems stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$14.74, for a total transaction of C$29,480.00. Following the sale, the insider owned 7,300 shares of the company’s stock, valued at approximately C$107,602. The trade was a 21.51% decrease in their ownership of the stock.

Kevin Boston also recently made the following trade(s):

• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The shares were sold at an average price of C$14.62, for a total transaction of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total transaction of C$23,360.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The shares were sold at an average price of C$14.37, for a total transaction of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total transaction of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.47, for a total transaction of C$28,940.00.

Pason Systems Price Performance

Shares of PSI stock traded down C$0.32 during midday trading on Monday, reaching C$14.54. 226,666 shares of the company traded hands, compared to its average volume of 232,519. The firm’s 50 day simple moving average is C$13.65 and its two-hundred day simple moving average is C$12.78. Pason Systems Inc. has a 1-year low of C$11.09 and a 1-year high of C$15.47. The company has a debt-to-equity ratio of 5.79, a current ratio of 2.11 and a quick ratio of 3.54. The firm has a market cap of C$1.13 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. The company had revenue of C$102.44 million during the quarter. On average, equities research analysts expect that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.6%. Pason Systems’s dividend payout ratio is presently 86.67%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PSI shares. TD raised Pason Systems from a “hold” rating to a “buy” rating and upped their target price for the company from C$13.00 to C$18.00 in a research note on Tuesday, May 5th. TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$15.13.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.