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, October 3rd. The shares were sold at an average price of C$35.50, for a total value of C$21,300.00. Following the completion of the transaction, the director owned 771,172 shares of the company’s stock, valued at approximately C$27,376,606. This represents a 0.08% decrease in their position.

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

• On Friday, August 15th, David Brereton sold 600 shares of Tecsys stock. The stock was sold at an average price of C$36.93, for a total transaction of C$22,158.00.

Tecsys Stock Performance

TSE:TCS opened at C$36.00 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64. The company has a market capitalization of C$533.34 million, a P/E ratio of 120.00 and a beta of 0.92. The firm has a 50-day moving average price of C$36.01 and a two-hundred day moving average price of C$38.83. Tecsys Inc. has a twelve month low of C$32.98 and a twelve month high of C$47.51.

Tecsys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.9%. Tecsys’s dividend payout ratio (DPR) is 111.67%.

Analysts Set New Price Targets

Separately, Ventum Financial reduced their target price on Tecsys from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tecsys presently has an average rating of “Buy” and an average target price of C$48.50.

Tecsys Company Profile

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.