TSS (NASDAQ:TSSI) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of TSS (NASDAQ:TSSI) in a report released on Friday morning,Benzinga reports. Needham & Company LLC currently has a $16.00 target price on the stock.

Other analysts have also issued reports about the company. Zacks Research raised TSS to a “hold” rating in a research note on Tuesday, February 17th. Wall Street Zen lowered TSS from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TSS currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.17.

TSS Stock Down 24.1%

Shares of NASDAQ TSSI opened at $12.02 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.63. TSS has a 52 week low of $6.87 and a 52 week high of $31.94. The stock has a market capitalization of $346.90 million, a P/E ratio of 24.53 and a beta of 2.04. The stock’s fifty day moving average is $12.86 and its 200 day moving average is $11.34.

TSS (NASDAQ:TSSI) last issued its quarterly earnings results 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 28.92% and a net margin of 7.14%. Sell-side analysts forecast that TSS will post 0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TSS news, CFO Daniel M. Chism sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the transaction, the chief financial officer owned 338,215 shares in the company, valued at $5,073,225. This represents a 6.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Karl Todd Marrott sold 23,636 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $15.11, for a total value of $357,139.96. Following the transaction, the chief operating officer directly owned 251,287 shares in the company, valued at $3,796,946.57. This represents a 8.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 176,649 shares of company stock worth $2,670,031 over the last 90 days. Company insiders own 18.94% of the company’s stock.

Institutional Trading of TSS

A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new stake in TSS during the 2nd quarter worth about $33,000. Osaic Holdings Inc. lifted its holdings in TSS by 17.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,193 shares of the company’s stock worth $265,000 after purchasing an additional 1,375 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of TSS by 81.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock valued at $90,000 after acquiring an additional 1,401 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of TSS in the 2nd quarter valued at about $45,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of TSS by 5.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 35,250 shares of the company’s stock valued at $638,000 after acquiring an additional 1,700 shares in the last quarter.

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.