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

Key Points

• Tecsys director David Brereton sold 600 shares at an average price of C$30.57, receiving C$18,342. Following the transaction, he retained 710,572 shares, representing a 0.08% reduction in his position.
• Tecsys shares fell 1.3% to C$30.48, below their 50-day moving average of C$32.96 but within a 52-week range of C$22.51 to C$38.00. The company has a C$439.43 million market capitalization and a price-to-earnings ratio of 112.89.
• Analyst sentiment remains positive: Tecsys has an overall “Buy” consensus rating and a C$38.70 average price target, with several firms recently upgrading the stock to “strong buy” or “outperform.”

Tecsys Inc. (TSE:TCS - Get Free Report) Director David Brereton sold 600 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of C$30.57, for a total transaction of C$18,342.00. Following the completion of the sale, the director directly owned 710,572 shares of the company's stock, valued at C$21,722,186.04. The trade was a 0.08% decrease in their position.

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

• 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 transaction of C$15,285.00.
• On Friday, August 21st, David Brereton sold 400 shares of Tecsys stock. The shares were 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 value of C$9,123.00.
• On Friday, July 17th, David Brereton sold 1,700 shares of Tecsys stock. The stock was sold at an average price of C$33.00, for a total value of C$56,100.00.
• On Friday, July 10th, David Brereton sold 200 shares of Tecsys stock. The stock was sold at an average price of C$34.00, for a total value of C$6,800.00.
• On Friday, July 3rd, David Brereton sold 500 shares of Tecsys stock. The shares were sold at an average price of C$31.00, for a total value of C$15,500.00.
• On Friday, June 12th, David Brereton sold 1,000 shares of Tecsys stock. The stock was sold at an average price of C$36.47, for a total value of C$36,470.00.
• On Friday, June 12th, David Brereton sold 700 shares of Tecsys stock. The stock was sold at an average price of C$36.48, for a total value of C$25,536.00.
• On Friday, June 5th, David Brereton sold 200 shares of Tecsys stock. The stock was sold at an average price of C$35.50, for a total value of C$7,100.00.
• On Friday, June 5th, David Brereton sold 300 shares of Tecsys stock. The shares were sold at an average price of C$35.67, for a total value of C$10,701.00.

Tecsys Stock Down 1.3%

Shares of TCS traded down C$0.41 on Friday, hitting C$30.48. The company's stock had a trading volume of 1,402 shares, compared to its average volume of 18,185. The firm's fifty day moving average price is C$32.96 and its 200-day moving average price is C$31.83. Tecsys Inc. has a fifty-two week low of C$22.51 and a fifty-two week 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 8.49. The firm has a market capitalization of C$439.43 million, a price-to-earnings ratio of 112.89 and a beta of 0.85.

Tecsys (TSE:TCS - Get Free Report) last announced its earnings results on Monday, June 29th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$50.05 million for the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%. On average, equities research analysts expect that Tecsys Inc. will post 0.4600739 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Securities raised shares of Tecsys to a "strong-buy" rating in a research note on Thursday, July 9th. TD set a C$39.00 price target on Tecsys and gave the company a "buy" rating in a report on Wednesday, July 8th. Canaccord Genuity Group raised Tecsys to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, National Bank Financial upgraded Tecsys from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$40.00 to C$46.00 in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$38.70.

About Tecsys

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.

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