Peter Woodward Sells 200,000 Shares of TSS (NASDAQ:TSSI) Stock

TSS Inc. (NASDAQ:TSSI) Director Peter Woodward sold 200,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $16.07, for a total value of $3,214,000.00. Following the completion of the sale, the director directly owned 983,521 shares of the company’s stock, valued at $15,805,182.47. This represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TSS Stock Performance

NASDAQ:TSSI opened at $13.93 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.18 and a quick ratio of 1.99. The business has a fifty day simple moving average of $13.58 and a two-hundred day simple moving average of $10.69. TSS Inc. has a 1 year low of $6.87 and a 1 year high of $31.94. The company has a market capitalization of $391.02 million, a P/E ratio of 28.43 and a beta of 1.99.

TSS (NASDAQ:TSSI) last released its earnings results on Thursday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. TSS had a return on equity of 25.27% and a net margin of 7.14%.The business had revenue of $55.35 million during the quarter. On average, analysts expect that TSS Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on TSSI. Weiss Ratings raised TSS from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of TSS in a report on Friday, May 8th. Wall Street Zen lowered TSS from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Zacks Research raised TSS to a “hold” rating in a report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, TSS currently has an average rating of “Moderate Buy” and an average target price of $17.17.

Institutional Investors Weigh In On TSS

Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System bought a new stake in TSS during the second quarter valued at $33,000. Osaic Holdings Inc. boosted its stake in TSS by 17.6% during the second quarter. Osaic Holdings Inc. now owns 9,193 shares of the company’s stock valued at $265,000 after buying an additional 1,375 shares during the period. Tower Research Capital LLC TRC boosted its stake in TSS by 81.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock valued at $90,000 after buying an additional 1,401 shares during the period. BNP Paribas Financial Markets bought a new stake in TSS during the second quarter valued at $45,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in TSS by 5.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 35,250 shares of the company’s stock valued at $638,000 after buying an additional 1,700 shares during the period.

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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.