Tecsys - TCS Stock Forecast, Price & News

Tecsys Inc. engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions. It also provides implementation, system enhancement, cloud, advisory, consulting, education, training, and maintenance and support services, as well as engages in sale of hardware. The company primarily serves the healthcare systems, automotive and services parts, third-party logistics, retail, and general wholesale distribution industries. Tecsys Inc. was incorporated in 1983 and is headquartered in Montreal, Canada.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TCS. Cormark reduced their price target on shares of Tecsys from C$50.00 to C$47.50 and set an "outperform" rating on the stock in a research report on Monday, July 4th. BMO Capital Markets cut their target price on shares of Tecsys from C$54.00 to C$47.00 in a research note on Monday, July 4th. Stifel Nicolaus cut their target price on shares of Tecsys from C$52.00 to C$48.00 in a research note on Monday, July 4th. Raymond James cut their target price on shares of Tecsys from C$60.00 to C$50.00 and set an "outperform" rating on the stock in a research note on Thursday, June 30th. Finally, National Bankshares cut their target price on shares of Tecsys from C$55.00 to C$50.00 and set an "outperform" rating on the stock in a research note on Monday, July 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$53.07.

Tecsys Stock Down 1.2 %

Tecsys stock traded down C$0.50 during mid-day trading on Monday, hitting C$39.68. The company had a trading volume of 3,019 shares, compared to its average volume of 26,961. The stock has a market cap of C$577.86 million and a price-to-earnings ratio of 133.93. Tecsys has a 1 year low of C$24.92 and a 1 year high of C$61.06. The company has a quick ratio of 1.55, a current ratio of 1.71 and a debt-to-equity ratio of 20.74. The business has a fifty day moving average of C$34.07 and a 200 day moving average of C$32.88.

Tecsys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 15th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, July 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.71%. Tecsys's dividend payout ratio (DPR) is presently 90.00%.

Insider Transactions at Tecsys

In other Tecsys news, Director Kathleen M. Miller bought 1,500 shares of the stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average cost of C$32.48 per share, for a total transaction of C$48,715.68. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at approximately C$81,192.80.