Bryce Mclean Sells 2,777 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 2,777 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$14.48, for a total transaction of C$40,210.96. Following the sale, the insider directly owned 9,376 shares of the company’s stock, valued at approximately C$135,764.48. This represents a 22.85% decrease in their position.

Bryce Mclean also recently made the following trade(s):

• On Thursday, August 13th, Bryce Mclean sold 16,700 shares of Pason Systems stock. The stock was sold at an average price of C$14.60, for a total transaction of C$243,820.00.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The stock was sold at an average price of C$14.50, for a total transaction of C$121,945.00.

Pason Systems Trading Down 2.8%

Shares of Pason Systems stock opened at C$14.14 on Wednesday. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54. The stock’s 50 day simple moving average is C$12.92 and its 200-day simple moving average is C$13.19. The stock 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. Pason Systems Inc. has a 1-year low of C$11.10 and a 1-year high of C$15.47.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%.The firm had revenue of C$100.78 million during the quarter. Analysts predict that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Dividend Announcement

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

Wall Street Analyst Weigh In

PSI has been the topic of several recent research reports. Royal Bank Of Canada boosted their price target on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, TD decreased their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$15.83.

More 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

Pason Systems Company Profile

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.