Shares of Tecsys Inc. (TSE:TCS – Get Free Report) hit a new 52-week high on Monday. The stock traded as high as C$38.00 and last traded at C$38.00, with a volume of 8679 shares trading hands. The stock had previously closed at C$37.50.
Wall Street Analyst Weigh In
TCS has been the topic of several analyst reports. TD set a C$39.00 price target on shares of Tecsys and gave the stock a “buy” rating in a research note on Wednesday, July 8th. TD Securities raised Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. ATB Cormark Capital Markets increased their price target on Tecsys from C$41.00 to C$46.00 and gave the company an “outperform” rating in a report on Monday, September 21st. Canaccord Genuity Group upgraded Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, National Bank Financial lifted their price objective on Tecsys from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$38.90.
Get Our Latest Stock Analysis on Tecsys
Tecsys Stock Performance
Tecsys (TSE:TCS – Get Free Report) last issued its earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share (EPS) for the quarter. The business had revenue of C$50.05 million for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. Equities research analysts predict that Tecsys Inc. will post 0.4600739 earnings per share for the current fiscal year.
Insider Activity
In other Tecsys news, Director David Brereton sold 2,400 shares of Tecsys stock in a transaction on Friday, September 11th. The shares were sold at an average price of C$30.00, for a total value of C$72,000.00. Following the completion of the transaction, the director owned 706,572 shares of the company’s stock, valued at C$21,197,160. The trade was a 0.34% decrease in their ownership of the stock. Over the last quarter, insiders sold 6,600 shares of company stock worth $205,322. Corporate insiders own 17.05% of the company’s stock.
About Tecsys
Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.
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