TSS (NASDAQ:TSSI) SVP Sells $160,000.00 in Stock

TSS Inc. (NASDAQ:TSSI) SVP Kieran Brennan sold 10,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $16.00, for a total value of $160,000.00. Following the sale, the senior vice president directly owned 271,333 shares in the company, valued at approximately $4,341,328. The trade was a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kieran Brennan also recently made the following trade(s):

• On Monday, March 16th, Kieran Brennan sold 12,000 shares of TSS stock. The shares were sold at an average price of $12.27, for a total transaction of $147,240.00.

TSS Stock Down 3.6%

TSSI stock traded down $0.57 during midday trading on Tuesday, hitting $15.09. 2,197,560 shares of the company’s stock were exchanged, compared to its average volume of 1,991,228. The stock has a market capitalization of $423.58 million, a price-to-earnings ratio of 30.80 and a beta of 1.99. The firm has a 50 day moving average price of $13.46 and a 200-day moving average price of $10.71. The company has a current ratio of 2.18, a quick ratio of 1.99 and a debt-to-equity ratio of 0.16. TSS Inc. has a 12-month low of $6.87 and a 12-month high of $31.94.

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%. On average, analysts anticipate that TSS Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System bought a new position in shares of TSS during the 2nd quarter valued at about $33,000. BNP Paribas Financial Markets bought a new position in shares of TSS during the second quarter valued at approximately $45,000. Legal & General Group Plc bought a new position in shares of TSS during the second quarter valued at approximately $59,000. Tower Research Capital LLC TRC increased its position in shares of TSS by 81.1% during the second 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. Finally, Bank of America Corp DE bought a new stake in shares of TSS during the fourth quarter valued at approximately $40,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price on shares of TSS in a report on Friday, May 8th. Wall Street Zen downgraded TSS from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Zacks Research upgraded TSS to a “hold” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings raised TSS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.17.

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.