Tecsys Inc. (TSE:TCS) Receives Average Rating of “Buy” from Brokerages

Shares of Tecsys Inc. (TSE:TCS – Get Rating) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$53.07.

A number of research analysts recently weighed in on TCS shares. National Bankshares dropped 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. BMO Capital Markets lowered their target price on Tecsys from C$54.00 to C$47.00 in a report on Monday, July 4th. Raymond James lowered their target price 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. Stifel Nicolaus lowered their target price on Tecsys from C$52.00 to C$48.00 in a report on Monday, July 4th. Finally, Cormark lowered their target price 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.

Tecsys Trading Up 4.7 %

Shares of TCS stock opened at C$37.60 on Friday. The business’s fifty day moving average price is C$32.65 and its 200 day moving average price is C$33.17. Tecsys has a 1-year low of C$24.92 and a 1-year high of C$61.06. The firm has a market capitalization of C$547.57 million and a PE ratio of 125.33. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.71 and a quick ratio of 1.55.

Tecsys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Friday, July 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 14th. Tecsys’s payout ratio is currently 90.00%.

Insider Buying and Selling

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

About Tecsys

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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.