Tecsys (TSE:TCS) Director Sells C$21,300.00 in Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 600 shares of the business’s stock in a transaction that occurred 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 directly owned 771,172 shares of the company’s stock, valued at C$27,376,606. The trade was a 0.08% decrease in their ownership of the stock.

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

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

Tecsys Trading Up 0.8%

Shares of TSE:TCS opened at C$35.64 on Thursday. Tecsys Inc. has a 12-month low of C$32.98 and a 12-month high of C$47.51. The company has a market capitalization of C$528.01 million, a PE ratio of 118.80 and a beta of 0.92. The business has a 50 day moving average of C$35.94 and a two-hundred day moving average of C$38.79. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.64.

Tecsys Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.0%. Tecsys’s payout ratio is 111.67%.

Analyst Upgrades and Downgrades

Separately, Ventum Financial reduced their target price 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, Based on data from MarketBeat, the company has a consensus 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.