TSS (NASDAQ:TSSI) Trading Up 0.1% – Here’s What Happened

TSS Inc. (NASDAQ:TSSI)’s share price was up 0.1% on Friday . The company traded as high as $11.72 and last traded at $11.44. 469,268 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 761,290 shares. The stock had previously closed at $11.43.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSSI. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of TSS in a report on Friday, May 8th. Wall Street Zen downgraded TSS from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of TSS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.17.

TSS Stock Performance

The company has a current ratio of 2.18, a quick ratio of 1.99 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $12.71 and its 200 day moving average is $11.44. The stock has a market capitalization of $321.12 million, a price-to-earnings ratio of 23.35 and a beta of 2.05.

TSS (NASDAQ:TSSI) last announced 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 net margin of 7.14% and a return on equity of 25.27%. The company had revenue of $55.35 million during the quarter. On average, analysts predict that TSS Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling at TSS

In other news, SVP Kieran Brennan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $16.00, for a total transaction of $160,000.00. Following the completion of the transaction, the senior vice president directly owned 271,333 shares of the company’s stock, valued at $4,341,328. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Darryll E. Dewan sold 50,000 shares of TSS stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $16.00, for a total value of $800,000.00. Following the transaction, the chief executive officer owned 504,471 shares of the company’s stock, valued at $8,071,536. This represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 474,649 shares of company stock worth $7,444,791. 15.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TSS

Hedge funds have recently bought and sold shares of the stock. Dupree Financial Group LLC purchased a new stake in shares of TSS in the fourth quarter valued at $684,000. Value Aligned Research Advisors LLC boosted its stake in shares of TSS by 22.1% during the third quarter. Value Aligned Research Advisors LLC now owns 431,263 shares of the company’s stock valued at $7,810,000 after acquiring an additional 78,114 shares during the last quarter. UBS Group AG increased its position in TSS by 188.1% during the 4th quarter. UBS Group AG now owns 316,456 shares of the company’s stock worth $2,237,000 after purchasing an additional 206,600 shares in the last quarter. K2 Principal Fund L.P. purchased a new stake in TSS during the 4th quarter worth about $354,000. Finally, Cura Wealth Advisors LLC acquired a new position in TSS in the 1st quarter valued at about $130,000.

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