Tecsys (TSE:TCS) Shares Up 8.6% - Here's Why

Key Points

• Tecsys shares jumped 8.6% to C$31.00, with trading volume surging 488% above the average session volume.
• Analyst sentiment is broadly positive: the stock has a consensus “Buy” rating and an average price target of C$38.70, with several firms recently upgrading the shares.
• Tecsys reported quarterly EPS of C$0.21 on revenue of C$50.05 million. Insiders own 17.05% of the company, though insiders sold 4,200 shares during the last quarter.

Shares of Tecsys Inc. (TSE:TCS - Get Free Report) traded up 8.6% on Friday . The stock traded as high as C$32.00 and last traded at C$31.00. 105,580 shares traded hands during trading, an increase of 488% from the average session volume of 17,958 shares. The stock had previously closed at C$28.55.

Wall Street Analyst Weigh In

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

Tecsys Price Performance

The company has a 50 day simple moving average of C$32.01 and a 200-day simple moving average of C$32.20. The stock has a market cap of C$446.78 million, a price-to-earnings ratio of 114.78 and a beta of 0.84. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.49.

Tecsys (TSE:TCS - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$50.05 million during the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%. Research analysts expect that Tecsys Inc. will post 0.4600739 EPS for the current year.

Insider Buying and Selling

In other Tecsys news, Director David Brereton sold 1,700 shares of the company's stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the completion of the transaction, the director owned 714,572 shares of the company's stock, valued at C$23,580,876. This represents a 0.24% decrease in their position. In the last quarter, insiders sold 4,200 shares of company stock valued at $133,322. Insiders own 17.05% of the company's stock.

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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