TECSYS (TCS) Price Target Raised to C$18.25

TECSYS (TSE:TCS) had its price objective hoisted by Laurentian Bank of Canada from C$16.00 to C$18.25 in a report released on Monday, StockTargetPrices.com reports.

Separately, Industrial Alliance Securities restated a buy rating and set a C$17.00 price target on shares of TECSYS in a report on Wednesday, September 27th.

TECSYS (TCS) opened at C$16.10 on Monday. TECSYS has a twelve month low of C$9.24 and a twelve month high of C$17.18.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 20th. This is an increase from TECSYS’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. TECSYS’s dividend payout ratio (DPR) is presently 23.68%.

In other news, Director Peter Brereton sold 67,920 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of C$14.90, for a total transaction of C$1,012,008.00. Also, Director Vernon Lobo sold 6,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of C$15.95, for a total value of C$95,700.00.

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Tecsys Inc is a Canada-based company engaged in the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics and point-of-use. The Company also provides related consulting, education and support services. Its Supply Chain Platform with Visual Content is a technology for optimizing warehouse management operations.

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