Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$87,840.00 in Stock

Key Points

• Insider Kevin Boston sold 6,000 Pason Systems shares at C$14.64 each for total proceeds of C$87,840, reducing his position by 45.11% to 7,300 shares. He also reported several additional sales, including 2,714 shares sold the following day.
• Pason Systems shares traded at C$14.52, with a C$1.13 billion market capitalization. The company recently reported quarterly revenue of C$100.78 million and EPS of C$0.18.
• The company pays a quarterly dividend of C$0.13, equivalent to an annualized C$0.52 and a 3.6% yield. Analysts’ consensus rating is “Moderate Buy”, with an average price target of C$15.83.

Pason Systems Inc. (TSE:PSI - Get Free Report) insider Kevin Boston sold 6,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of C$14.64, for a total transaction of C$87,840.00. Following the transaction, the insider owned 7,300 shares of the company's stock, valued at approximately C$106,872. This represents a 45.11% decrease in their position.

Kevin Boston also recently made the following trade(s):

• On Friday, August 14th, Kevin Boston sold 2,714 shares of Pason Systems stock. The shares were sold at an average price of C$14.74, for a total value of C$40,004.36.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The shares were sold at an average price of C$14.94, for a total value of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The stock was sold at an average price of C$14.62, for a total value of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The stock was sold at an average price of C$14.60, for a total value of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.74, for a total value of C$29,480.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The shares were sold at an average price of C$14.37, for a total value of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total value of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.47, for a total value of C$28,940.00.

Pason Systems Price Performance

Shares of TSE PSI traded down C$0.04 during midday trading on Monday, reaching C$14.52. 97,622 shares of the company traded hands, compared to its average volume of 246,015. The firm has a market cap of C$1.13 billion, a PE ratio of 23.42, a PEG ratio of 10.78 and a beta of 0.43. The stock's 50-day simple moving average is C$12.90 and its 200-day simple moving average is C$13.16. Pason Systems Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29.

Pason Systems (TSE:PSI - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. The company had revenue of C$100.78 million for the quarter. As a group, equities analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.13 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a yield of 3.6%. Pason Systems's payout ratio is 83.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PSI shares. Royal Bank Of Canada raised their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. TD reduced their target price on Pason Systems from C$18.00 to C$15.00 and set a "hold" rating on the stock in a report on Monday, July 13th. Finally, TD Securities upgraded Pason Systems from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$15.83.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.

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