Tecsys Inc. (TCS) to Issue Quarterly Dividend of $0.08 on October 6th

Tecsys Inc. (TSE:TCS) declared a quarterly dividend on Thursday, September 7th, Zacks reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.075 per share on Friday, October 6th. This represents a $0.30 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, September 21st.

Tecsys Stock Performance

TSE TCS opened at C$27.22 on Tuesday. The stock’s fifty day moving average is C$27.39 and its two-hundred day moving average is C$26.87. The firm has a market capitalization of C$399.86 million, a P/E ratio of 123.73 and a beta of 0.55. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.40 and a current ratio of 1.54. Tecsys has a fifty-two week low of C$23.75 and a fifty-two week high of C$32.03.

Tecsys (TSE:TCS) last posted its quarterly earnings data on Thursday, June 29th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Tecsys had a net margin of 2.01% and a return on equity of 4.51%. The firm had revenue of C$41.19 million during the quarter, compared to analysts’ expectations of C$37.85 million. On average, research analysts anticipate that Tecsys will post 0.299417 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Industrial Alliance Securities set a C$45.00 price target on Tecsys and gave the stock a “buy” rating in a report on Thursday, August 31st.

Insider Activity at Tecsys

In related news, Director David Brereton sold 4,800 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of C$28.69, for a total value of C$137,724.96. In other news, Director David Brereton sold 4,800 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of C$28.69, for a total transaction of C$137,724.96. Also, Director Peter Brereton sold 39,400 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of C$29.81, for a total value of C$1,174,431.26. Insiders own 18.81% of the company’s stock.

About Tecsys

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.