David Brereton Sells 600 Shares of Tecsys (TSE:TCS) Stock

Key Points

• David Brereton, a director at Tecsys Inc., sold 600 shares at an average price of C$36.93, resulting in a total transaction value of C$22,158.00, bringing his remaining shares to 777,172.
• Tecsys has announced a quarterly dividend of $0.085, to be paid on October 3rd, with a dividend yield of 1.0% and a payout ratio of 111.67%.
• Analysts have decreased Tecsys's target price from C$52.00 to C$47.00, although the stock currently holds a consensus rating of "Buy" with an average target of C$48.50.

Tecsys Inc. (TSE:TCS - Get Free Report) Director David Brereton sold 600 shares of Tecsys stock in a transaction on Friday, August 15th. The shares were sold at an average price of C$36.93, for a total value of C$22,158.00. Following the transaction, the director owned 777,172 shares in the company, valued at C$28,700,961.96. This represents a 0.08% decrease in their position.

Tecsys Price Performance

Shares of TCS stock remained flat at C$34.30 on Tuesday. 28,815 shares of the company traded hands, compared to its average volume of 12,922. The firm has a market cap of C$508.57 million, a PE ratio of 114.33 and a beta of 1.04. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The firm's fifty day moving average price is C$37.35 and its two-hundred day moving average price is C$39.87. Tecsys Inc. has a 1-year low of C$34.15 and a 1-year high of C$47.51.

Tecsys Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.0%. Tecsys's dividend payout ratio is 111.67%.

Analysts Set New Price Targets

Separately, Ventum Financial decreased their price objective on shares of Tecsys from C$52.00 to C$47.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$48.50.

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.

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