Key Points
- Tecsys director David Brereton sold 400 shares at C$37.00 each, for total proceeds of C$14,800. He retained 703,072 shares valued at approximately C$26.0 million.
- The sale continues a pattern of insider selling, following several transactions since July totaling thousands of shares.
- Tecsys reported quarterly earnings of C$0.21 per share on C$50.05 million in revenue. Analysts maintain a consensus “Buy” rating with a C$38.90 price target, while the stock opened at C$37.00.
Tecsys Inc. (TSE:TCS - Get Free Report) Director David Brereton sold 400 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$37.00, for a total value of C$14,800.00. Following the transaction, the director directly owned 703,072 shares of the company's stock, valued at approximately C$26,013,664. The trade was a 0.06% decrease in their ownership of the stock.
David Brereton also recently made the following trade(s):
- On Friday, September 11th, David Brereton sold 2,400 shares of Tecsys stock. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00.
- On Friday, August 28th, David Brereton sold 600 shares of Tecsys stock. The stock was sold at an average price of C$30.57, for a total value of C$18,342.00.
- On Friday, August 21st, David Brereton sold 500 shares of Tecsys stock. The stock was sold at an average price of C$30.57, for a total value of C$15,285.00.
- On Friday, August 21st, David Brereton sold 400 shares of Tecsys stock. The shares were sold at an average price of C$30.43, for a total transaction of C$12,172.00.
- On Friday, August 21st, David Brereton sold 300 shares of Tecsys stock. The stock was sold at an average price of C$30.41, for a total transaction of C$9,123.00.
- On Friday, July 17th, David Brereton sold 1,700 shares of Tecsys stock. The shares were sold at an average price of C$33.00, for a total transaction of C$56,100.00.
Tecsys Price Performance
TCS stock opened at C$37.00 on Friday. Tecsys Inc. has a 52 week low of C$22.51 and a 52 week high of C$39.71. The firm has a market capitalization of C$533.43 million, a P/E ratio of 86.05 and a beta of 0.53. The company has a fifty day simple moving average of C$33.38 and a two-hundred day simple moving average of C$33.62. The company has a quick ratio of 1.40, a current ratio of 1.12 and a debt-to-equity ratio of 8.33.
Tecsys (TSE:TCS - Get Free Report) last posted its earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$50.05 million for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. Analysts anticipate that Tecsys Inc. will post 0.46 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have weighed in on TCS. ATB Cormark Capital Markets boosted their price objective on Tecsys from C$41.00 to C$46.00 and gave the stock an "outperform" rating in a research note on Monday, September 21st. TD set a C$39.00 target price on Tecsys and gave the stock a "buy" rating in a report on Wednesday, July 8th. Canaccord Genuity Group raised Tecsys to a "strong-buy" rating in a research report on Thursday, August 6th. TD Securities upgraded Tecsys to a "strong-buy" rating in a report on Thursday, July 9th. Finally, National Bank Financial raised their price target on Tecsys from C$40.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$38.90.
Read Our Latest Research Report on Tecsys
Tecsys Company Profile
(
Get Free Report)
Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.
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