Tecsys (TSE:TCS) Director David Brereton Sells 1,000 Shares

Tecsys Inc. (TSE:TCS) Director David Brereton sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$36.47, for a total value of C$36,470.00. Following the completion of the transaction, the director directly owned 719,272 shares in the company, valued at approximately C$26,231,849.84. This represents a 0.14% decrease in their ownership of the stock.

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

• 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 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 300 shares of Tecsys stock. The shares were 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 shares were sold at an average price of C$36.12, for a total transaction of C$3,612.00.

Tecsys Price Performance

Shares of TCS traded down C$0.40 during midday trading on Monday, hitting C$36.84. 5,305 shares of the company traded hands, compared to its average volume of 23,369. The stock has a market cap of C$539.34 million, a price-to-earnings ratio of 92.10 and a beta of 0.81. The firm has a 50 day moving average of C$34.65 and a 200-day moving average of C$30.81. The company has a debt-to-equity ratio of 7.68, a quick ratio of 1.40 and a current ratio of 1.19. Tecsys Inc. has a 52 week low of C$22.51 and a 52 week high of C$41.23.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TCS shares. ATB Cormark Capital Markets upgraded shares of Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective for the company in a research report on Friday, March 6th. National Bank Financial upgraded Tecsys from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on Tecsys from C$50.00 to C$40.00 in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$40.30.

About Tecsys

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.