Tecsys (TSE:TCS) Cut to Hold at Stifel Nicolaus

Stifel Nicolaus cut shares of Tecsys (TSE:TCS) from a buy rating to a hold rating in a report issued on Thursday morning, MarketBeat.com reports. Stifel Nicolaus currently has C$28.50 price objective on the stock, down from their previous price objective of C$48.00.

Separately, National Bank Financial upped their price target on shares of Tecsys from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$38.63.

Tecsys Trading Up 0.4%

TCS opened at C$23.31 on Thursday. The firm’s fifty day moving average price is C$29.09 and its 200 day moving average price is C$33.16. The stock has a market capitalization of C$343.78 million, a PE ratio of 64.75 and a beta of 0.80. 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 12-month low of C$22.85 and a 12-month high of C$47.48.

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

Insider Activity at Tecsys

In related news, Director David Brereton sold 800 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the transaction, the director directly owned 737,772 shares of the company’s stock, valued at approximately C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. Insiders have sold 2,100 shares of company stock worth $67,521 in the last ninety days. 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.