Insider Selling: Tecsys (TSE:TCS) Director Sells 2,400 Shares

by · The Cerbat Gem

Tecsys Inc. (TSE:TCS – Get Free Report) Director David Brereton sold 2,400 shares of Tecsys stock in a transaction 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 sale, the director directly owned 706,572 shares of the company’s stock, valued at C$21,197,160. The trade was a 0.34% decrease in their position.

David Brereton also recently made the following trade(s):

  • On Friday, August 28th, David Brereton sold 600 shares of Tecsys stock. The shares were sold at an average price of C$30.57, for a total value of C$18,342.00.
  • On Friday, August 21st, David Brereton sold 500 shares of Tecsys stock. The stock was sold at an average price of C$30.57, for a total value of C$15,285.00.
  • On Friday, August 21st, David Brereton sold 400 shares of Tecsys stock. The shares were sold at an average price of C$30.43, for a total value of C$12,172.00.
  • On Friday, August 21st, David Brereton sold 300 shares of Tecsys stock. The shares were sold at an average price of C$30.41, for a total transaction of C$9,123.00.
  • On Friday, July 17th, David Brereton sold 1,700 shares of Tecsys stock. The shares were sold at an average price of C$33.00, for a total transaction of C$56,100.00.
  • On Friday, July 10th, David Brereton sold 200 shares of Tecsys stock. The stock was sold at an average price of C$34.00, for a total transaction of C$6,800.00.
  • On Friday, July 3rd, David Brereton sold 500 shares of Tecsys stock. The stock was sold at an average price of C$31.00, for a total transaction of C$15,500.00.

Tecsys Stock Performance

TSE TCS traded down C$0.43 during trading hours on Tuesday, hitting C$33.07. 3,608 shares of the company’s stock traded hands, compared to its average volume of 17,871. The business’s fifty day moving average price is C$32.05 and its two-hundred day moving average price is C$32.37. 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 firm has a market capitalization of C$476.77 million, a P/E ratio of 76.91 and a beta of 0.84. Tecsys Inc. has a 52 week low of C$22.51 and a 52 week high of C$38.00.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TCS shares. TD Securities raised Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. Canaccord Genuity Group raised Tecsys to a “strong-buy” rating in a report on Thursday, August 6th. TD set a C$39.00 price target on Tecsys and gave the stock a “buy” rating in a research report on Wednesday, July 8th. National Bank Financial raised their price objective on Tecsys from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, ATB Cormark Capital Markets raised their price objective on Tecsys from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Monday. Two equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$37.90.

Check Out Our Latest Stock Analysis on TCS

Tecsys Company Profile

(Get Free Report)

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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