Tecsys (TSE:TCS) Stock Price Expected to Rise, National Bankshares Analyst Says

Tecsys (TSE:TCS) had its price objective increased by equities researchers at National Bankshares from C$28.00 to C$29.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 7.33% from the company’s current price.

Tecsys Stock Down 3.6%

Shares of Tecsys stock opened at C$27.02 on Thursday. The business has a 50-day moving average price of C$31.83 and a 200 day moving average price of C$34.46. Tecsys has a fifty-two week low of C$26.70 and a fifty-two week high of C$47.48. The firm has a market cap of C$398.49 million, a P/E ratio of 75.06 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.64.

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 return on equity of 3.78% and a net margin of 1.49%.The company had revenue of C$48.64 million for the quarter. On average, sell-side analysts forecast that Tecsys will post 0.4600739 earnings per share for the current fiscal year.

Insider Buying and Selling at Tecsys

In other Tecsys news, insider Briarwood Capital Partners Lp bought 39,400 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of C$34.25 per share, with a total value of C$1,349,450.00. Following the completion of the acquisition, the insider owned 1,702,565 shares of the company’s stock, valued at approximately C$58,312,851.25. This trade represents a 2.37% increase in their ownership of the stock. Also, 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 approximately C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. In the last quarter, insiders have sold 2,100 shares of company stock valued at $67,521. 17.05% of the stock is owned by insiders.

About Tecsys

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.