Peter Woodward Sells 100,000 Shares of TSS (NASDAQ:TSSI) Stock

TSS Inc. (NASDAQ:TSSI) Director Peter Woodward sold 100,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.48, for a total transaction of $1,548,000.00. Following the transaction, the director owned 1,114,061 shares of the company’s stock, valued at $17,245,664.28. This trade represents a 8.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TSS Price Performance

TSSI stock opened at $13.93 on Thursday. TSS Inc. has a 52 week low of $6.87 and a 52 week high of $31.94. The company has a quick ratio of 1.99, a current ratio of 2.18 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $13.58 and a two-hundred day simple moving average of $10.69. The firm 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 the consensus estimate of $0.04 by $0.04. The firm had revenue of $55.35 million during the quarter. TSS had a net margin of 7.14% and a return on equity of 25.27%. Analysts anticipate that TSS Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TSS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System bought a new stake in TSS during the 2nd quarter valued at about $33,000. BNP Paribas Financial Markets bought a new stake in TSS during the 2nd quarter valued at about $45,000. Legal & General Group Plc bought a new stake in TSS during the 2nd quarter valued at about $59,000. Tower Research Capital LLC TRC lifted its holdings in TSS by 81.1% during the 2nd 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 in the last quarter. Finally, Bank of America Corp DE bought a new stake in TSS during the 4th quarter valued at about $40,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSSI. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of TSS in a report on Friday, May 8th. Zacks Research upgraded shares of TSS to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded shares of TSS from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of TSS from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.17.

About TSS

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.