TSS (NASDAQ:TSSI) Stock Price Up 0.1% – Here’s Why

TSS Inc. (NASDAQ:TSSI)’s share price was up 0.1% during mid-day trading on Friday . The stock traded as high as $11.72 and last traded at $11.44. 469,268 shares were traded 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.

Analyst Upgrades and Downgrades

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

TSS Stock Performance

The firm’s 50-day moving average price is $12.71 and its two-hundred day moving average price is $11.44. 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 firm has a market capitalization of $321.12 million, a PE ratio of 23.35 and a beta of 2.05.

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 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%. As a group, research analysts predict that TSS Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In other TSS news, Director Peter H. Woodward sold 200,000 shares of TSS stock in a transaction dated Friday, May 29th. The stock was 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 $15,805,182.47. The trade was a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Karl Todd Marrott sold 23,636 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $15.11, for a total value of $357,139.96. Following the completion of the transaction, the chief operating officer owned 251,287 shares in the company, valued at $3,796,946.57. This represents a 8.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 474,649 shares of company stock valued at $7,444,791 in the last ninety days. Corporate insiders own 15.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSSI. Bank of America Corp DE acquired a new position in TSS in the 4th quarter valued at approximately $40,000. NewEdge Advisors LLC grew its holdings 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of TSS by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company’s stock worth $475,000 after acquiring an additional 17,310 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of TSS in the second quarter worth $249,000. Finally, Legal & General Group Plc acquired a new position in shares of TSS in the second quarter worth $59,000.

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.