Tecsys (TSE:TCS) Director Sells C$56,100.00 in Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 1,700 shares of the stock in a transaction dated Friday, July 17th. The stock was sold at an average price of C$33.00, for a total value of C$56,100.00. Following the completion of the sale, the director owned 714,572 shares of the company’s stock, valued at C$23,580,876. This trade represents a 0.24% decrease in their ownership of the stock.

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

• 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 stock was sold at an average price of C$31.00, for a total transaction of C$15,500.00.
• On Friday, June 12th, David Brereton sold 1,000 shares of Tecsys stock. The stock was sold at an average price of C$36.47, for a total transaction 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 transaction of C$25,536.00.
• On Friday, June 5th, David Brereton sold 200 shares of Tecsys stock. The shares were 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 stock was sold at an average price of C$35.67, for a total transaction of C$10,701.00.
• On Friday, June 5th, David Brereton sold 100 shares of Tecsys stock. The stock was sold at an average price of C$36.12, for a total value of C$3,612.00.

Tecsys Stock Performance

TCS opened at C$31.94 on Friday. The company has a market capitalization of C$461.02 million, a price-to-earnings ratio of 118.30 and a beta of 0.84. The business’s 50-day moving average price is C$34.98 and its two-hundred day moving average price is C$31.04. Tecsys Inc. has a 1 year low of C$22.51 and a 1 year high of C$39.51. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.12 and a quick ratio of 1.40.

Tecsys (TSE:TCS) last released its earnings results on Monday, June 29th. The company reported C($0.02) EPS for the quarter. The firm 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 expect that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. National Bank Financial upgraded shares of Tecsys from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. TD set a C$39.00 price objective on shares of Tecsys and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, TD Securities upgraded Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tecsys currently has a consensus rating of “Buy” and a consensus 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.