Tecsys (TSE:TCS) Price Target Raised to C$29.00

Tecsys (TSE:TCS) had its price target increased by National Bankshares from C$28.00 to C$29.00 in a research report sent to investors on Thursday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Tecsys Trading Down 3.6%

Shares of TCS opened at C$27.02 on Thursday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. Tecsys has a 1 year low of C$26.70 and a 1 year high of C$47.48. The company has a 50 day simple moving average of C$31.83 and a two-hundred day simple moving average of C$34.43. The firm has a market cap of C$398.49 million, a P/E ratio of 75.06 and a beta of 0.95.

Tecsys (TSE:TCS) last released its earnings results on Wednesday, December 3rd. The company reported C$0.12 EPS for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. The firm had revenue of C$48.64 million for the quarter. On average, equities analysts expect that Tecsys will post 0.4600739 earnings per share for the current fiscal year.

Insider Transactions at Tecsys

In other news, Director David Brereton sold 800 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the completion of the transaction, the director owned 737,772 shares in the company, valued at C$24,147,277.56. This trade represents a 0.11% decrease in their ownership of the stock. Also, insider Briarwood Capital Partners Lp bought 39,400 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of C$34.25 per share, for a total transaction of C$1,349,450.00. Following the completion of the transaction, the insider directly owned 1,702,565 shares of the company’s stock, valued at C$58,312,851.25. This represents a 2.37% increase in their position. In the last 90 days, insiders have sold 2,100 shares of company stock valued at $67,521. Company insiders own 17.05% of the company’s stock.

Tecsys Company Profile

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.