Tecsys (TSE:TCS) Director David Brereton Sells 600 Shares

Tecsys Inc. (TSE:TCS) Director David Brereton sold 600 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of C$36.93, for a total value of C$22,158.00. Following the completion of the transaction, the director directly owned 777,172 shares of the company’s stock, valued at approximately C$28,700,961.96. This trade represents a 0.08% decrease in their ownership of the stock.

Tecsys Price Performance

Shares of TCS stock opened at C$34.30 on Wednesday. The stock has a market cap of C$508.57 million, a P/E ratio of 114.33 and a beta of 1.04. Tecsys Inc. has a one year low of C$34.15 and a one year high of C$47.51. The stock has a fifty day moving average price of C$37.26 and a 200 day moving average price of C$39.83. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40.

Tecsys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.0%. Tecsys’s dividend payout ratio is currently 111.67%.

Analyst Ratings Changes

Separately, Ventum Financial dropped their price objective on Tecsys from C$52.00 to C$47.00 and set a “buy” rating for the company in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tecsys has a consensus rating of “Buy” and a consensus price target of C$48.50.

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.