Tecsys (TSE:TCS) Stock: Insider David Brereton Sells 400 Shares

Key Points

• Director David Brereton sold 400 Tecsys shares at C$37.00 each for C$14,800, reducing his position by 0.06% to 703,072 shares. He has also made several other sales in recent months.
• Tecsys shares traded at C$37.00, near their 52-week high of C$39.71, with a market capitalization of approximately C$533.4 million and a P/E ratio of 86.05.
• Analysts remain broadly positive, with an average “Buy” rating and a C$38.90 target price; recent quarterly results included C$0.21 EPS and C$50.05 million in revenue.

Tecsys Inc. (TSE:TCS - Get Free Report) Director David Brereton sold 400 shares of the company's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of C$37.00, for a total transaction of C$14,800.00. Following the completion of the sale, the director directly owned 703,072 shares of the company's stock, valued at C$26,013,664. The trade was a 0.06% decrease in their position.

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

• On Friday, September 11th, David Brereton sold 2,400 shares of Tecsys stock. The shares were sold at an average price of C$30.00, for a total transaction of C$72,000.00.
• 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 transaction 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 value of C$56,100.00.

Tecsys Stock Performance

Tecsys stock traded down C$0.46 during midday trading on Friday, hitting C$37.00. 2,376 shares of the company were exchanged, compared to its average volume of 17,358. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.40 and a current ratio of 1.12. Tecsys Inc. has a fifty-two week low of C$22.51 and a fifty-two week high of C$39.71. The business has a fifty day simple moving average of C$33.38 and a two-hundred day simple moving average of C$33.62. The firm has a market capitalization of C$533.43 million, a PE ratio of 86.05 and a beta of 0.53.

Tecsys (TSE:TCS - Get Free Report) last announced its quarterly earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share (EPS) for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. The firm had revenue of C$50.05 million for the quarter. On average, sell-side analysts forecast that Tecsys Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

TCS has been the subject of several research analyst reports. TD Securities raised Tecsys to a "strong-buy" rating in a research note on Thursday, July 9th. National Bank Financial upped their price objective on shares of Tecsys from C$40.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Monday, September 14th. ATB Cormark Capital Markets increased their price objective on shares of Tecsys from C$41.00 to C$46.00 and gave the company an "outperform" rating in a report on Monday, September 21st. Canaccord Genuity Group upgraded shares of Tecsys to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, TD set a C$39.00 price target on shares of Tecsys and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Tecsys has an average rating of "Buy" and an average target price of C$38.90.

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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