Insider Selling: Tecsys (TSE:TCS) Director Sells C$72,000.00 in Stock

Key Points

• Tecsys director David Brereton sold 2,400 shares at C$30.00 each for total proceeds of C$72,000, reducing his ownership by 0.34% to 706,572 shares.
• Tecsys shares fell 1.3% to C$33.07, while the company reported quarterly EPS of C$0.21 on revenue of C$50.05 million.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average target price of C$37.90; several firms recently raised their targets to C$41.00.

Tecsys Inc. (TSE:TCS - Get Free Report) Director David Brereton sold 2,400 shares of the business's stock in a transaction on Friday, September 11th. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00. Following the completion of the sale, the director directly owned 706,572 shares in the company, valued at C$21,197,160. This trade represents a 0.34% decrease in their ownership of the stock.

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

• 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 shares were 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 stock was 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.
• 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 transaction 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 transaction of C$15,500.00.

Tecsys Stock Down 1.3%

Tecsys stock traded down C$0.43 during trading hours on Tuesday, hitting C$33.07. The stock had a trading volume of 3,608 shares, compared to its average volume of 17,871. The stock's 50-day moving average price is C$32.05 and its 200-day moving average price is C$32.37. The stock has a market capitalization of C$476.77 million, a P/E ratio of 76.91 and a beta of 0.84. Tecsys Inc. has a 12-month low of C$22.51 and a 12-month high of C$38.00. 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 quarterly earnings results on Thursday, September 10th. The company reported C$0.21 EPS 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%. Equities research analysts anticipate that Tecsys Inc. will post 0.4600739 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on TCS. National Bank Financial lifted their target price on Tecsys from C$40.00 to C$41.00 and gave the stock an "outperform" rating in a report on Monday. ATB Cormark Capital Markets increased their price objective on Tecsys from C$40.00 to C$41.00 and gave the company an "outperform" rating in a research report on Monday. TD Securities upgraded Tecsys to a "strong-buy" rating in a report on Thursday, July 9th. Canaccord Genuity Group raised Tecsys to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, TD set a C$39.00 target price on shares of Tecsys and gave the company a "buy" rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$37.90.

Tecsys Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.