Tecsys (TSE:TCS) Hits New 1-Year High - Still a Buy?

Key Points

• Tecsys shares reached a new 52-week high of C$38.00, up 4.7% in trading, with a market capitalization of approximately C$565.9 million.
• Analyst sentiment remains positive: the stock has an average “Buy” rating and a consensus target of C$38.90, while ATB Cormark raised its target to C$46.00.
• Tecsys reported quarterly revenue of C$50.05 million and EPS of C$0.21, but insiders have sold shares recently; insiders still own 17.05% of the company.

Shares of Tecsys Inc. (TSE:TCS - Get Free Report) hit a new 52-week high during trading on Monday. The stock traded as high as C$38.00 and last traded at C$38.00, with a volume of 8679 shares traded. The stock had previously closed at C$37.50.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TCS. Canaccord Genuity Group raised shares of Tecsys to a "strong-buy" rating in a research note on Thursday, August 6th. ATB Cormark Capital Markets increased their target price on Tecsys from C$41.00 to C$46.00 and gave the stock an "outperform" rating in a research report on Monday, September 21st. TD Securities upgraded Tecsys to a "strong-buy" rating in a research note on Thursday, July 9th. National Bank Financial lifted their price objective on Tecsys from C$40.00 to C$41.00 and gave the company an "outperform" rating in a research note on Monday, September 14th. Finally, TD set a C$39.00 target price on Tecsys and gave the stock a "buy" rating in a report 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 company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$38.90.

Tecsys Trading Up 4.7%

The business's 50-day moving average is C$32.39 and its two-hundred day moving average is C$32.88. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.33. The stock has a market capitalization of C$565.87 million, a PE ratio of 91.28 and a beta of 0.84.

Tecsys (TSE:TCS - Get Free Report) last released its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 EPS for the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%.The company had revenue of C$50.05 million for the quarter. On average, analysts predict that Tecsys Inc. will post 0.4600739 earnings per share for the current year.

Insider Buying and Selling

In other Tecsys news, Director David Brereton sold 2,400 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 706,572 shares in the company, valued at C$21,197,160. This represents a 0.34% decrease in their position. Over the last quarter, insiders sold 6,600 shares of company stock worth $205,322. Insiders own 17.05% of the company's stock.

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.

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