National Bankshares Issues Positive Forecast for Tecsys (TSE:TCS) Stock Price

Tecsys (TSE:TCS) had its target price raised by research analysts at National Bankshares from C$28.00 to C$29.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 4.32% from the stock’s previous close.

Tecsys Trading Up 3.3%

Shares of TSE:TCS traded up C$0.90 during mid-day trading on Thursday, reaching C$27.80. 9,027 shares of the company were exchanged, compared to its average volume of 22,752. Tecsys has a 1 year low of C$26.70 and a 1 year high of C$47.48. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The firm’s 50-day simple moving average is C$32.12 and its 200 day simple moving average is C$34.59. The firm has a market cap of C$409.99 million, a price-to-earnings ratio of 77.22 and a beta of 0.95.

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

Insider Activity

In other Tecsys news, insider Briarwood Capital Partners Lp acquired 39,400 shares of the stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of C$34.25 per share, with a total value of C$1,349,450.00. Following the completion of the purchase, the insider owned 1,702,565 shares in the company, valued at C$58,312,851.25. This trade represents a 2.37% increase in their position. Also, Director David Brereton sold 800 shares of Tecsys stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total transaction 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. This trade represents a 0.11% decrease in their position. Over the last ninety days, insiders sold 2,100 shares of company stock valued at $67,521. 17.05% of the stock is currently owned by corporate insiders.

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.