TECSYS (TCS) Price Target Raised to C$18.25 at Laurentian Bank of Canada

TECSYS (TSE:TCS) had its price objective increased by Laurentian Bank of Canada from C$16.00 to C$18.25 in a research note issued to investors on Monday morning.

Separately, Industrial Alliance Securities reiterated a buy rating and set a C$17.00 price objective on shares of TECSYS in a research note on Wednesday, September 27th.

TECSYS (TCS) traded up C$0.03 during midday trading on Monday, hitting C$16.03. 5,292 shares of the stock were exchanged, compared to its average volume of 9,982. TECSYS has a 1 year low of C$9.24 and a 1 year high of C$17.18.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This is an increase from TECSYS’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.25%. TECSYS’s dividend payout ratio (DPR) is currently 21.05%.

In other TECSYS news, Director Peter Brereton sold 67,920 shares of the firm’s 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 value of C$1,012,008.00. Also, Director Vernon Lobo sold 6,000 shares of the firm’s 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.

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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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