Tecsys (TSE:TCS) Given New C$29.00 Price Target at National Bankshares

Tecsys (TSE:TCS) had its target price boosted by equities research analysts at National Bankshares from C$28.00 to C$29.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 4.32% from the company’s previous close.

Tecsys Stock Performance

Tecsys stock traded up C$0.90 during trading hours on Thursday, reaching C$27.80. 9,027 shares of the stock were exchanged, compared to its average volume of 22,752. Tecsys has a 52-week low of C$26.70 and a 52-week high of C$47.48. The stock has a market cap of C$409.99 million, a P/E ratio of 77.22 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The firm’s 50 day moving average is C$32.12 and its 200 day moving average is C$34.59.

Tecsys (TSE:TCS) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$48.64 million for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. Analysts predict that Tecsys will post 0.4600739 EPS for the current fiscal year.

Insider Buying and Selling

In other Tecsys news, insider Briarwood Capital Partners Lp purchased 39,400 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of C$34.25 per share, for a total transaction of C$1,349,450.00. Following the completion of the purchase, the insider directly owned 1,702,565 shares in the company, valued at C$58,312,851.25. This represents a 2.37% increase in their ownership of the stock. Also, Director David Brereton sold 800 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$32.73, for a total value of C$26,184.00. Following the completion of the transaction, the director owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. The trade was a 0.11% decrease in their position. Over the last 90 days, insiders sold 2,100 shares of company stock worth $67,521. Company insiders own 17.05% of the company’s stock.

About Tecsys

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.