TSS (NASDAQ:TSSI) Coverage Initiated at Singular Research

Singular Research assumed coverage on shares of TSS (NASDAQ:TSSI) in a research report report published on Tuesday, MarketBeat reports. The firm issued a buy rating and a $20.50 price target on the stock.

Separately, Wall Street Zen cut shares of TSS from a “buy” rating to a “hold” rating in a report on Monday, June 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $20.50.

TSS Trading Down 0.1%

Shares of TSSI stock opened at $15.18 on Tuesday. TSS has a fifty-two week low of $5.04 and a fifty-two week high of $31.94. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.81. The stock has a 50 day simple moving average of $19.28 and a two-hundred day simple moving average of $15.42. The company has a market cap of $384.96 million, a P/E ratio of 42.17 and a beta of 1.77.

TSS (NASDAQ:TSSI) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.06 EPS for the quarter. The company had revenue of $43.97 million during the quarter. TSS had a net margin of 3.43% and a return on equity of 107.01%.

Insiders Place Their Bets

In other TSS news, CFO Daniel M. Chism sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $242,550.00. Following the transaction, the chief financial officer directly owned 296,219 shares of the company’s stock, valued at approximately $4,789,861.23. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Karl Todd Marrott sold 23,908 shares of TSS stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $16.16, for a total transaction of $386,353.28. Following the transaction, the chief operating officer owned 306,675 shares of the company’s stock, valued at $4,955,868. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,925 shares of company stock worth $1,099,233. 18.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On TSS

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System acquired a new position in TSS during the 2nd quarter valued at about $33,000. Bank of America Corp DE bought a new position in shares of TSS in the fourth quarter valued at approximately $40,000. BNP Paribas Financial Markets purchased a new position in shares of TSS during the second quarter valued at approximately $45,000. Ameritas Investment Partners Inc. purchased a new position in shares of TSS during the second quarter valued at approximately $54,000. Finally, Legal & General Group Plc bought a new stake in TSS during the second quarter worth $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.