Kevin Boston Sells 2,714 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 2,714 shares of Pason Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$14.74, for a total value of C$40,004.36. Following the completion of the transaction, the insider owned 7,300 shares in the company, valued at C$107,602. The trade was a 27.10% decrease in their position.

Kevin Boston also recently made the following trade(s):

• On Thursday, August 13th, Kevin Boston sold 6,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.64, for a total value of C$87,840.00.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The stock was sold at an average price of C$14.94, for a total value of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The stock was sold at an average price of C$14.62, for a total value of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total value of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total value of C$29,480.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The stock was sold at an average price of C$14.37, for a total transaction of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total transaction of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.47, for a total transaction of C$28,940.00.

Pason Systems Price Performance

PSI opened at C$14.14 on Wednesday. Pason Systems Inc. has a 52-week low of C$11.10 and a 52-week high of C$15.47. The company has a 50 day moving average of C$12.92 and a two-hundred day moving average of C$13.19. The company has a market cap of C$1.10 billion, a P/E ratio of 22.81, a P/E/G ratio of 10.78 and a beta of 0.43. The company has a quick ratio of 3.54, a current ratio of 2.29 and a debt-to-equity ratio of 5.51.

Pason Systems (TSE:PSI) last issued its earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$100.78 million for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. On average, analysts expect that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.52 annualized dividend and a yield of 3.7%. Pason Systems’s dividend payout ratio (DPR) is 83.87%.

Key Pason Systems News

Here are the key news stories impacting Pason Systems this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to C$17 and reiterated an “outperform” rating. The analyst consensus remains “Moderate Buy,” with an average target of C$15.83, implying potential upside from recent trading levels.
• Positive Sentiment: Pason’s quarterly results included C$0.18 in EPS and C$100.78 million in revenue. The company also pays a quarterly dividend of C$0.13, equivalent to an annualized C$0.52 and an approximately 3.6% yield.
• Neutral Sentiment: TD previously lowered its price target from C$18 to C$15 and assigned a “hold” rating, highlighting a more cautious view despite the broader analyst consensus. Pason Systems insider trading and analyst information
• Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for about C$1.35 million on August 13–14. The transactions substantially reduced several executives’ holdings and may weigh on investor sentiment, particularly because the sales occurred near the stock’s 12-month high.
• Negative Sentiment: Jonathan Faber sold 45,000 shares, cutting his position by 51.72%; Bryce Mclean sold 19,477 shares across two transactions; Lars Olesen sold 13,000 shares; Russell Smith sold 6,500 shares; and Kevin Boston sold 8,714 shares across two transactions. While insider sales can reflect personal liquidity or diversification rather than deteriorating business conditions, their concentration is the clearest negative catalyst in the recent news flow. Kevin Boston sells Pason Systems shares

Wall Street Analysts Forecast Growth

PSI has been the subject of a number of recent research reports. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD reduced their price target on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Finally, Royal Bank Of Canada upped their price target on Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.83.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.