Insider Selling: Tecsys (TSE:TCS) Director Sells C$18,342.00 in Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 600 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of C$30.57, for a total transaction of C$18,342.00. Following the completion of the sale, the director owned 710,572 shares in the company, valued at approximately C$21,722,186.04. This trade represents a 0.08% decrease in their position.

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

• 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 transaction 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 shares were 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 value of C$56,100.00.
• On Friday, July 10th, David Brereton sold 200 shares of Tecsys stock. The stock was sold at an average price of C$34.00, for a total value of C$6,800.00.
• On Friday, July 3rd, David Brereton sold 500 shares of Tecsys stock. The stock was sold at an average price of C$31.00, for a total value of C$15,500.00.
• On Friday, June 12th, David Brereton sold 1,000 shares of Tecsys stock. The shares were sold at an average price of C$36.47, for a total value of C$36,470.00.
• On Friday, June 12th, David Brereton sold 700 shares of Tecsys stock. The shares were sold at an average price of C$36.48, for a total value of C$25,536.00.
• 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 300 shares of Tecsys stock. The shares were sold at an average price of C$35.67, for a total transaction of C$10,701.00.

Tecsys Price Performance

Shares of TSE:TCS opened at C$31.00 on Monday. The company’s fifty day moving average is C$32.86 and its two-hundred day moving average is C$31.87. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.40 and a current ratio of 1.12. Tecsys Inc. has a 1-year low of C$22.51 and a 1-year high of C$38.00. The stock has a market capitalization of C$446.93 million, a price-to-earnings ratio of 114.81 and a beta of 0.85.

Tecsys (TSE:TCS) last posted its quarterly earnings results on Monday, June 29th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$50.05 million during the quarter. Tecsys had a net margin of 2.09% and a return on equity of 5.99%. Equities analysts anticipate that Tecsys Inc. will post 0.4600739 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. National Bank Financial upgraded Tecsys from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Canaccord Genuity Group upgraded Tecsys to a “strong-buy” rating in a research report on Thursday, August 6th. TD Securities upgraded Tecsys to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, TD set a C$39.00 target price on Tecsys and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Tecsys currently has a consensus rating of “Buy” and an average target price of C$38.70.

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.