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.

Analysts Set New Price Targets

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

Tecsys Trading Down 3.7 %

TSE:TCS opened at C$36.16 on Thursday. Tecsys has a 1 year low of C$24.92 and a 1 year high of C$61.06. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.71 and a quick ratio of 1.55. The company has a market capitalization of C$526.60 million and a PE ratio of 120.53. The company has a fifty day moving average of C$34.85 and a 200 day moving average of C$32.86.

Tecsys (TSE:TCS - Get Rating) last issued its quarterly earnings data on Wednesday, June 29th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.02. The company had revenue of C$34.29 million during the quarter, compared to analyst estimates of C$35.95 million. Research analysts forecast that Tecsys will post 0.6472765 earnings per share for the current year.

Tecsys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 15th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. Tecsys's payout ratio is 90.00%.

Insider Activity

In other news, Director Kathleen M. Miller purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were purchased at an average cost of C$32.48 per share, with a total value of C$48,715.68. Following the completion of the acquisition, the director now owns 2,500 shares of the company's stock, valued at approximately C$81,192.80.