David Brereton Sells 500 Shares of Tecsys (TSE:TCS) Stock

Key Points

• Director David Brereton sold 500 Tecsys shares for C$15,285 at an average price of C$30.57, reducing his ownership by 0.07% to 712,172 shares. He has also made several other sales in recent months.
• Tecsys shares fell 0.8% to C$30.75, well below the 50-day moving average of C$33.38. The company reported quarterly revenue of C$50.05 million and a loss of C$0.02 per share.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of C$38.70; TD Securities and Canaccord Genuity both upgraded the stock to “Strong Buy.”

Tecsys Inc. (TSE:TCS - Get Free Report) Director David Brereton sold 500 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$30.57, for a total value of C$15,285.00. Following the completion of the transaction, the director owned 712,172 shares of the company's stock, valued at C$21,771,098.04. This trade represents a 0.07% decrease in their ownership of the stock.

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

• On Friday, August 21st, David Brereton sold 400 shares of Tecsys stock. The stock was sold at an average price of C$30.43, for a total value 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 value 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 value of C$56,100.00.
• On Friday, July 10th, David Brereton sold 200 shares of Tecsys stock. The shares were sold at an average price of C$34.00, for a total value of C$6,800.00.
• On Friday, July 3rd, David Brereton sold 500 shares of Tecsys stock. The stock was sold at an average price of C$31.00, for a total value of C$15,500.00.
• On Friday, June 12th, David Brereton sold 1,000 shares of Tecsys stock. The stock was sold at an average price of C$36.47, for a total value of C$36,470.00.
• 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 value of C$25,536.00.
• On Friday, June 5th, David Brereton sold 200 shares of Tecsys stock. The shares were 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 stock was 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 stock was sold at an average price of C$36.12, for a total transaction of C$3,612.00.

Tecsys Trading Down 0.8%

Tecsys stock traded down C$0.25 during trading on Monday, reaching C$30.75. The company had a trading volume of 1,508 shares, compared to its average volume of 18,582. Tecsys Inc. has a 12-month low of C$22.51 and a 12-month high of C$38.00. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.40 and a current ratio of 1.12. The stock's 50 day moving average price is C$33.38 and its two-hundred day moving average price is C$31.66. The firm has a market capitalization of C$443.32 million, a price-to-earnings ratio of 113.89 and a beta of 0.85.

Tecsys (TSE:TCS - Get Free Report) last announced its quarterly earnings data on Monday, June 29th. The company reported C($0.02) earnings per share (EPS) for the quarter. Tecsys had a net margin of 2.09% and a return on equity of 5.99%. The company had revenue of C$50.05 million for the quarter. As a group, equities analysts expect that Tecsys Inc. will post 0.4600739 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Securities raised Tecsys to a "strong-buy" rating in a research note on Thursday, July 9th. Canaccord Genuity Group upgraded shares of Tecsys to a "strong-buy" rating in a report on Thursday, August 6th. TD set a C$39.00 price target on shares of Tecsys and gave the company a "buy" rating in a research report on Wednesday, July 8th. Finally, National Bank Financial upgraded shares of Tecsys from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Tecsys currently has a consensus rating of "Buy" and an average target price of C$38.70.

About Tecsys

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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