Beacon Securities cut shares of TECSYS (TSE:TCS) from a buy rating to a hold rating in a research report sent to investors on Monday morning. Beacon Securities also issued estimates for TECSYS’s FY2018 earnings at $0.30 EPS and FY2019 earnings at $0.41 EPS.
Other research analysts also recently issued research reports about the company. Laurentian boosted their target price on TECSYS from C$16.00 to C$18.25 in a research note on Monday. Industrial Alliance Securities restated a buy rating and issued a C$17.00 target price on shares of TECSYS in a research note on Wednesday, September 27th. Finally, Laurentian Bank of Canada boosted their target price on TECSYS from C$16.00 to C$18.25 in a research note on Monday.
TECSYS (TSE TCS) opened at C$16.03 on Monday. TECSYS has a 52 week low of C$9.24 and a 52 week high of C$17.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. This is an increase from TECSYS’s previous quarterly dividend of $0.05. TECSYS’s payout ratio is 23.68%.
In other news, Director Vernon Lobo sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of C$15.95, for a total transaction of C$95,700.00. Also, Director Peter Brereton sold 67,920 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of C$14.90, for a total value of C$1,012,008.00.
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TECSYS Company Profile
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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