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

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

TSS Trading Down 3.6%

NASDAQ TSSI traded down $0.57 on Tuesday, reaching $15.09. The company had a trading volume of 2,197,560 shares, compared to its average volume of 1,991,228. The firm has a market cap of $423.58 million, a price-to-earnings ratio of 31.96 and a beta of 1.99. TSS Inc. has a fifty-two week low of $6.87 and a fifty-two week high of $31.94. The business has a 50 day moving average of $13.46 and a two-hundred day moving average of $10.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.18 and a quick ratio of 1.99.

TSS (NASDAQ:TSSI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $55.35 million for the quarter. TSS had a return on equity of 25.27% and a net margin of 7.14%. Analysts forecast that TSS Inc. will post 0.32 EPS for the current year.

Institutional Trading of TSS

A number of institutional investors and hedge funds have recently bought and sold shares of TSSI. Dupree Financial Group LLC bought a new stake in shares of TSS in the 4th quarter worth about $684,000. Value Aligned Research Advisors LLC increased its holdings in shares of TSS by 22.1% in the 3rd quarter. Value Aligned Research Advisors LLC now owns 431,263 shares of the company’s stock worth $7,810,000 after buying an additional 78,114 shares during the last quarter. UBS Group AG increased its holdings in shares of TSS by 188.1% in the 4th quarter. UBS Group AG now owns 316,456 shares of the company’s stock worth $2,237,000 after buying an additional 206,600 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of TSS by 8.3% in the 4th quarter. Citizens Financial Group Inc. RI now owns 39,500 shares of the company’s stock worth $279,000 after buying an additional 3,038 shares during the last quarter. Finally, Palisades Investment Partners LLC increased its holdings in shares of TSS by 11.7% in the 4th quarter. Palisades Investment Partners LLC now owns 31,195 shares of the company’s stock worth $221,000 after buying an additional 3,269 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on TSSI shares. Weiss Ratings upgraded TSS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of TSS to a “hold” rating in a research note on Tuesday, February 17th. Wall Street Zen downgraded shares of TSS from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of TSS in a research note on Friday, May 8th. 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.com, TSS currently 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.