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 equities research analysts have weighed in on TCS shares. Stifel Nicolaus decreased their price objective on Tecsys from C$52.00 to C$48.00 in a report on Monday, July 4th. BMO Capital Markets decreased their price objective on Tecsys from C$54.00 to C$47.00 in a report on Monday, July 4th. Cormark decreased their price objective on Tecsys from C$50.00 to C$47.50 and set an "outperform" rating on the stock in a report on Monday, July 4th. National Bankshares decreased their price objective on Tecsys from C$55.00 to C$50.00 and set an "outperform" rating on the stock in a report on Monday, July 4th. Finally, Raymond James decreased their price objective on Tecsys from C$60.00 to C$50.00 and set an "outperform" rating on the stock in a report on Thursday, June 30th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$53.07.

Tecsys Stock Performance

TSE:TCS opened at C$39.00 on Thursday. Tecsys has a 1 year low of C$24.92 and a 1 year high of C$61.06. The firm has a 50 day moving average of C$34.48 and a 200-day moving average of C$32.95. The company has a current ratio of 1.71, a quick ratio of 1.55 and a debt-to-equity ratio of 20.74. The stock has a market capitalization of C$567.96 million and a P/E ratio of 130.00.

Tecsys Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 15th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Thursday, July 14th. Tecsys's dividend payout ratio (DPR) is currently 90.00%.

Insider Activity

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