David Brereton Sells 2,400 Shares of Tecsys (TSE:TCS) Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 2,400 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00. Following the completion of the sale, the director owned 706,572 shares in the company, valued at C$21,197,160. This represents a 0.34% decrease in their ownership of the stock.

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

• On Friday, August 28th, David Brereton sold 600 shares of Tecsys stock. The shares were 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 shares were 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of C$31.00, for a total transaction of C$15,500.00.

Tecsys Trading Down 0.9%

TCS stock opened at C$32.78 on Thursday. The firm has a fifty day moving average price of C$32.05 and a 200 day moving average price of C$32.43. Tecsys Inc. has a fifty-two week low of C$22.51 and a fifty-two week high of C$38.00. The firm has a market cap of C$472.59 million, a PE ratio of 76.23 and a beta of 0.84. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.40 and a current ratio of 1.12.

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 company had revenue of C$50.05 million for the quarter. Sell-side analysts anticipate that Tecsys Inc. will post 0.4600739 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TCS. Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a report on Thursday, August 6th. TD set a C$39.00 price objective on Tecsys and gave the stock a “buy” rating in a research note on Wednesday, July 8th. National Bank Financial upped their price objective on Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research report on Monday. ATB Cormark Capital Markets raised their price objective on Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research note on Monday. Finally, TD Securities upgraded Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$37.90.

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.