TSS (NASDAQ:TSSI) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of TSS (NASDAQ:TSSI) from a sell rating to a strong sell rating in a report issued on Saturday morning.

Other equities analysts have also issued reports about the stock. Zacks Research raised shares of TSS to a “hold” rating in a research report on Tuesday, February 17th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of TSS in a research report on Friday, May 8th. Finally, Weiss Ratings lowered shares of TSS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.17.

TSS Stock Down 1.8%

TSSI stock opened at $11.12 on Friday. TSS 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 stock has a market capitalization of $312.14 million, a PE ratio of 22.69 and a beta of 2.04. The firm has a 50 day moving average of $13.11 and a 200 day moving average of $11.15.

TSS (NASDAQ:TSSI) last posted its quarterly 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. Sell-side analysts forecast that TSS will post 0.32 earnings per share for the current year.

Insider Activity at TSS

In related news, CFO Daniel M. Chism sold 25,000 shares of TSS stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $15.00, for a total value of $375,000.00. Following the sale, the chief financial officer owned 338,215 shares of the company’s stock, valued at approximately $5,073,225. This trade represents a 6.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kieran Brennan sold 12,000 shares of TSS stock in a transaction on Monday, March 16th. The shares were sold at an average price of $12.27, for a total transaction of $147,240.00. Following the completion of the sale, the senior vice president directly owned 279,137 shares in the company, valued at $3,425,010.99. This represents a 4.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 176,649 shares of company stock worth $2,670,031 over the last 90 days. 18.94% of the stock is owned by insiders.

Institutional Investors Weigh In On TSS

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSSI. Bank of America Corp DE acquired a new stake in TSS during the 4th quarter worth $40,000. NewEdge Advisors LLC boosted its position in shares of TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock valued at $1,112,000 after acquiring an additional 119,432 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of TSS by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company’s stock valued at $475,000 after acquiring an additional 17,310 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of TSS during the 2nd quarter valued at about $249,000. Finally, Legal & General Group Plc acquired a new position in shares of TSS during the 2nd quarter valued at about $59,000.

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.