TECSYS Inc. (TSE:TCS) – Research analysts at Cormark upped their Q3 2018 earnings per share estimates for shares of TECSYS in a research note issued to investors on Monday. Cormark analyst H. Mak now forecasts that the company will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.09.
Several other analysts also recently weighed in on TCS. Industrial Alliance Securities reaffirmed a “buy” rating and set a C$17.00 price target on shares of TECSYS in a research note on Wednesday, September 27th. Laurentian Bank of Canada lifted their price objective on shares of TECSYS from C$16.00 to C$18.25 in a report on Monday. Laurentian lifted their price objective on shares of TECSYS from C$16.00 to C$18.25 in a report on Monday. Finally, Beacon Securities lowered shares of TECSYS from a “buy” rating to a “hold” rating in a report on Monday.
In related news, Director Vernon Lobo sold 6,000 shares of TECSYS stock in a transaction that occurred on Thursday, October 12th. The shares were 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 TECSYS stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of C$14.90, for a total transaction of C$1,012,008.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.25%. This is a positive change from TECSYS’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, December 20th. TECSYS’s dividend payout ratio (DPR) is presently 23.68%.
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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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