Pason Systems (TSE:PSI) Insider Kevin Boston Sells 2,714 Shares

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 2,714 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$14.74, for a total value of C$40,004.36. Following the completion of the sale, the insider directly owned 7,300 shares of the company’s stock, valued at C$107,602. The trade was a 27.10% decrease in their ownership of the stock.

Kevin Boston also recently made the following trade(s):

• On Thursday, August 13th, Kevin Boston sold 6,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.64, for a total transaction of C$87,840.00.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The shares were sold at an average price of C$14.94, for a total transaction of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The shares were sold at an average price of C$14.62, for a total transaction of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The stock was sold at an average price of C$14.60, for a total transaction of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total transaction of C$29,480.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The stock was sold at an average price of C$14.37, for a total transaction of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total transaction of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.47, for a total transaction of C$28,940.00.

Pason Systems Price Performance

Shares of PSI opened at C$14.55 on Tuesday. Pason Systems Inc. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47. The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. The firm has a 50-day simple moving average of C$12.91 and a 200-day simple moving average of C$13.17. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29.

Pason Systems (TSE:PSI) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. The firm had revenue of C$100.78 million for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. On average, equities research analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 16th. Pason Systems’s dividend payout ratio (DPR) is 83.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD cut their price target on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada boosted their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Pason Systems currently has an average rating of “Moderate Buy” and an average price target of C$15.83.

Pason Systems News Roundup

Here are the key news stories impacting Pason Systems this week:

• Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for total proceeds of about C$1.35 million in transactions conducted August 13–14.
• Negative Sentiment: Jonathan Faber sold 45,000 shares for C$654,750, reducing his position by 51.72% to 42,000 shares.
• Negative Sentiment: Bryce Mclean sold 16,700 shares for C$243,820 and an additional 2,777 shares for C$40,211, reducing his reported ownership by 65.35% and 22.85% in the respective transactions.
• Negative Sentiment: Lars Olesen sold 13,000 shares for C$189,800, cutting his position by 59.63% to 8,800 shares.
• Negative Sentiment: Russell Smith sold 6,500 shares for C$95,550, reducing his holdings by 46.43% to 7,500 shares.
• Negative Sentiment: Kevin Boston sold 6,000 shares for C$87,840 and another 2,714 shares for C$40,004, leaving him with 7,300 shares after the reported transactions.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.