Insider Selling: Tecsys (TSE:TCS) Director Sells 600 Shares of Stock

Key Points

• Director David Brereton sold 600 shares of Tecsys stock on October 3rd for an average price of C$35.50, decreasing his position by 0.08% and retaining 771,172 shares valued at approximately C$27.38 million.
• Tecsys declared a quarterly dividend of $0.085 per share, resulting in a 0.9% yield and a payout ratio of 111.67%.
• Analyst firm Ventum Financial lowered their price target for Tecsys shares from C$52.00 to C$47.00, yet it holds a consensus rating of "Buy" with an average price target of C$48.50.

Tecsys Inc. (TSE:TCS - Get Free Report) Director David Brereton sold 600 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of C$35.50, for a total transaction of C$21,300.00. Following the completion of the transaction, the director directly owned 771,172 shares in the company, valued at approximately C$27,376,606. The trade was a 0.08% decrease in their position.

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

• On Friday, August 15th, David Brereton sold 600 shares of Tecsys stock. The stock was sold at an average price of C$36.93, for a total transaction of C$22,158.00.

Tecsys Stock Performance

Shares of TCS traded up C$0.33 on Monday, reaching C$36.00. The company's stock had a trading volume of 14,847 shares, compared to its average volume of 15,717. 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 stock has a market capitalization of C$533.34 million, a P/E ratio of 120.00 and a beta of 0.92. The stock's 50 day simple moving average is C$36.04 and its two-hundred day simple moving average is C$38.86. Tecsys Inc. has a 12-month low of C$32.98 and a 12-month high of C$47.51.

Tecsys Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 0.9%. Tecsys's dividend payout ratio is currently 111.67%.

Analyst Ratings Changes

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