TSS (NASDAQ:TSSI) Director Sells $1,548,000.00 in Stock

TSS Inc. (NASDAQ:TSSI) Director Peter Woodward sold 100,000 shares of the business’s stock in a transaction that occurred 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 directly owned 1,114,061 shares of the company’s stock, valued at $17,245,664.28. The trade was a 8.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TSS Stock Up 4.0%

TSSI opened at $14.49 on Friday. 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 50 day moving average price of $13.61 and a 200-day moving average price of $10.74. TSS Inc. has a twelve month low of $6.87 and a twelve month high of $31.94. The stock has a market capitalization of $406.73 million, a price-to-earnings ratio of 29.57 and a beta of 1.99.

TSS (NASDAQ:TSSI) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. TSS had a net margin of 7.14% and a return on equity of 25.27%. The firm had revenue of $55.35 million during the quarter. Equities research analysts forecast that TSS Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on TSSI. Weiss Ratings raised shares of TSS from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Zacks Research raised shares of TSS to a “hold” rating in a report on Tuesday, February 17th. Wall Street Zen cut shares of TSS from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of TSS in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.17.

Institutional Trading of TSS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in TSS by 31.2% during the third quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company’s stock valued at $22,474,000 after buying an additional 294,971 shares during the last quarter. Millennium Management LLC boosted its position in shares of TSS by 81.9% in the fourth quarter. Millennium Management LLC now owns 865,350 shares of the company’s stock worth $6,118,000 after purchasing an additional 389,497 shares during the period. Geode Capital Management LLC boosted its position in shares of TSS by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 539,359 shares of the company’s stock worth $3,814,000 after purchasing an additional 41,536 shares during the period. Value Aligned Research Advisors LLC boosted its position in shares of TSS by 6.8% in the fourth quarter. Value Aligned Research Advisors LLC now owns 460,510 shares of the company’s stock worth $3,256,000 after purchasing an additional 29,247 shares during the period. Finally, UBS Group AG boosted its position in shares of TSS by 188.1% in the fourth quarter. UBS Group AG now owns 316,456 shares of the company’s stock worth $2,237,000 after purchasing an additional 206,600 shares during the period.

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.