Tecsys (TSE:TCS) Director Sells C$22,158.00 in 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 dated Friday, August 15th. The shares were sold at an average price of C$36.93, for a total transaction of C$22,158.00. Following the sale, the director owned 777,172 shares of the company's stock, valued at C$28,700,961.96. The trade was a 0.08% decrease in their position.

Tecsys Trading Up 1.2%

TCS traded up C$0.40 on Friday, reaching C$33.50. 44,964 shares of the company traded hands, compared to its average volume of 15,218. Tecsys Inc. has a one year low of C$32.98 and a one year high of C$47.51. The firm has a fifty day simple moving average of C$36.91 and a two-hundred day simple moving average of C$39.60. The company has a market cap of C$496.70 million, a P/E ratio of 111.67 and a beta of 1.04. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64.

Tecsys Announces Dividend

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

Wall Street Analysts Forecast Growth

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