TSS (NASDAQ:TSSI) Cut to “Strong Sell” at Wall Street Zen

TSS (NASDAQ:TSSI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research report issued on Saturday.

A number of other research firms have also recently issued reports on TSSI. Weiss Ratings reissued a “hold (c)” rating on shares of TSS in a research note on Thursday. Singular Research initiated coverage on shares of TSS in a report on Tuesday, September 16th. They set a “buy” rating and a $20.50 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, TSS has a consensus rating of “Moderate Buy” and an average target price of $20.50.

TSS Price Performance

NASDAQ TSSI opened at $8.64 on Friday. The company has a market cap of $219.14 million, a price-to-earnings ratio of 24.00 and a beta of 1.69. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.81 and a quick ratio of 0.65. The stock’s fifty day moving average price is $17.13 and its 200 day moving average price is $18.16. TSS has a 1 year low of $5.63 and a 1 year high of $31.94.

TSS (NASDAQ:TSSI) last posted its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $41.88 million for the quarter. TSS had a net margin of 3.43% and a return on equity of 107.01%.

Insider Transactions at TSS

In related news, CFO Daniel M. Chism sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total transaction of $242,550.00. Following the sale, the chief financial officer directly owned 296,219 shares of the company’s stock, valued at $4,789,861.23. This represents a 4.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Karl Todd Marrott sold 11,100 shares of TSS stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $179,487.00. Following the completion of the transaction, the chief operating officer owned 295,575 shares of the company’s stock, valued at approximately $4,779,447.75. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,925 shares of company stock valued at $1,099,233 over the last three months. Corporate insiders own 18.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of TSS by 31.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company’s stock worth $22,474,000 after buying an additional 294,971 shares during the last quarter. Value Aligned Research Advisors LLC lifted its position in TSS by 14.5% in the third quarter. Value Aligned Research Advisors LLC now owns 404,190 shares of the company’s stock valued at $7,320,000 after acquiring an additional 51,041 shares during the last quarter. Geode Capital Management LLC boosted its stake in TSS by 167.1% in the second quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock valued at $11,242,000 after acquiring an additional 243,910 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of TSS during the second quarter worth about $8,862,000. Finally, Jump Financial LLC acquired a new stake in shares of TSS during the second quarter worth about $6,801,000.

TSS Company Profile

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments.