Insider Selling: Tecsys (TSE:TCS) Director Sells 300 Shares of Stock

Tecsys Inc. (TSE:TCS) Director David Brereton sold 300 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$35.67, for a total value of C$10,701.00. Following the sale, the director owned 721,972 shares of the company’s stock, valued at C$25,752,741.24. This represents a 0.04% decrease in their ownership of the stock.

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

• On Friday, June 5th, David Brereton sold 200 shares of Tecsys stock. The stock was 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 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

Shares of TCS traded down C$0.31 during mid-day trading on Friday, hitting C$35.79. The stock had a trading volume of 9,215 shares, compared to its average volume of 24,365. The company has a market cap of C$523.97 million, a PE ratio of 89.48 and a beta of 0.81. The company’s fifty day simple moving average is C$33.65 and its two-hundred day simple moving average is C$30.72. The company has a quick ratio of 1.40, a current ratio of 1.19 and a debt-to-equity ratio of 7.68. Tecsys Inc. has a fifty-two week low of C$22.51 and a fifty-two week high of C$41.23.

Tecsys (TSE:TCS) last issued its earnings results on Wednesday, March 4th. The company reported C$0.12 EPS for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%.The company had revenue of C$48.50 million during the quarter. On average, equities analysts expect that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Wall Street Analyst Weigh In

TCS has been the subject of several research analyst reports. National Bank Financial raised shares of Tecsys from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$40.00 to C$46.00 in a report on Wednesday, May 27th. Canadian Imperial Bank of Commerce reduced their price target on shares of Tecsys from C$50.00 to C$40.00 in a research report on Thursday, March 5th. Stifel Nicolaus downgraded shares of Tecsys from a “buy” rating to a “hold” rating and reduced their price target for the company from C$48.00 to C$28.50 in a research report on Thursday, February 12th. Finally, ATB Cormark Capital Markets raised shares of Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price target for the company in a research report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$40.30.

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. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.